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 Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!

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jian94
post Jan 2 2019, 01:37 PM

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Hi, I want to ask about the below situation

I have a house under my name (after my father transfer to me) and my uncle A on a land owned by my father, uncle A and neighbour (Uncle B). i.e. two houses on one land

now i thinking to borrow home loan to buy the share of uncle A but uncle B doesn't want to sign the documents and submit the land title because he afraid that in case of me defaulting the payment it could affect his house.

So i wonder is there any loan that doesn't required to submit the land title other than personal loan?


jian94
post Jan 2 2019, 10:46 PM

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QUOTE(lifebalance @ Jan 2 2019, 01:41 PM)
no there is no other way, either you submit as a co-borrower or settled it in cash
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thanks for the info =)

QUOTE(wild_card_my @ Jan 2 2019, 10:03 PM)
The key to mortgage is that the bank would be given the power of attorney over the property. That's why the rates are very low.
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oh now i know. thanks for the info =)

 

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