Fellow bankers,

I've few queries on mortgage loan which will be helpful for my decision making on my first purchase of property.

1. with a nett income of rm 2600, how much amount of loan can be expected from the bank?

2. if I've a guarantor, aka my father, will bank evaluate his financial position? Will bank increase amount of loan if his financial position is strong?

3. This loan will be fully taken under my name, does the bank allows 90% margin of loan or 70% margin of loan, if my guarantor has more than 3 properties?

4. If joint name on property, does that means both individual has taken up 1 unit of property? So, it means both of them can only borrow 70% margin of loan when comes to their respective 3rd unit?

4. What is the formula for calculating the margin of loan?

Thank you.

This post has been edited by linuss: Aug 17 2014, 05:59 PM