Property Investment Strategy, tricks n magic
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 Oct 12 2013, 12:36 PM
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#1
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Junior Member
271 posts Joined: Aug 2013 
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QUOTE(cmk96 @ Oct 1 2013, 07:07 AM) 1/3 rule no longer being used nowadays... forget it... some banks can lend up to 75% of nett income... i applied a loan with a few banks few months ago... they told me... ppl can leverage higher than before... no need 5 figures income also can buy a 1M property... try ask the banker yourself to verify. Yes right, now we are using 70/100 of nett income to calculate   |
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Oct 13 2013, 01:54 AM
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#2
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Junior Member
271 posts Joined: Aug 2013
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QUOTE(winnie619 @ Oct 12 2013, 08:42 PM) u are doing very well! If your income is ok, ccriss is leng why not go and pay one booking on one too how i wish i can own a property now, aged 23 =( |
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Oct 13 2013, 11:37 PM
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#3
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Junior Member
271 posts Joined: Aug 2013
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QUOTE(winnie619 @ Oct 13 2013, 02:19 PM) i dunno how to invest lo.. u need find those under market value de property .... u can buy a property without paying a single cents nowadays ...must get a sifu now gonna google and learn some..  |
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Oct 15 2013, 08:23 PM
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#4
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Junior Member
271 posts Joined: Aug 2013
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QUOTE(winnie619 @ Oct 14 2013, 05:10 PM) u can be my sifu not? i am also newbie  learn together bah  |
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Oct 18 2013, 10:15 PM
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#5
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Junior Member
271 posts Joined: Aug 2013
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QUOTE(investz @ Oct 17 2013, 09:30 AM) Bro, not I don't want to believe. But how the bank can approve the higher loan with only RM5K income? Like bro kidmad mentioned, refinance is double edge sword. You can refinanced with current property to get cash for new property down payment. Yet, is your current income justify for these two loan? from what i see here, only car to be a commitment . I agreed some P&C or "sensitive" tactics can use in applying loan. But that still have limitation. And, don't forget, income tax will comes to you sooner if too obvious. I wonder can RM5k income the bank can approve more than RM500k loan if the owner have liability of other loan like car, credit card and PTPTN? remember now the banks are offering loan based on DSR 70%-80% and even 100% if you can prove u "cash rich" 500k - installment only 2.4k 600k - installment only 2.9k |
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