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Investment LOAN approved - 60% from income?, different from one third? anyone?

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AVFAN
post Jul 7 2013, 08:52 PM

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QUOTE(garagesell @ Jul 7 2013, 07:06 PM)
now they only can give loan for 60% from your bring back income?

ok wat... it used to be 30% only.

AVFAN
post Jul 8 2013, 01:43 AM

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QUOTE(akira de aimbuster @ Jul 8 2013, 01:37 AM)
that's during the recession time, i.e. '97?
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i tot ts was talking about housing loan.

it was 30% for many years, then sometime 2006-2010, banks cud do 50% or higher. not anymore, i think.

as someone already explained, total housing, car, personal, credit card can be 60-70%.

so if 70% hutang, gross 5k, net 4.5k, pay debt 3.5k, left 1k - 2 nights with yr darling habis la...!!

seriously, i have no idea how some people can live with so much debt...

This post has been edited by AVFAN: Jul 8 2013, 01:43 AM

 

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