Sep 12 2014, 01:58 PM
QUOTE(myproblem @ Sep 12 2014, 01:29 PM)
Then how are u going to explain for my case? I bought a 15 years old condo with no strata title and Developer also Bankrupt. That time i loan 50% and got it approved in 2 weeks.
In addition, i just bought a 3rd properties (at 1.5mil) and bank still want to loan me 85% (given that i that i have paid 95% of the 1st property, 40% of the second property). They some more beg me to accept it.
CIMB loan me 90%+misc fees for a condo of 19 years without strata title and a bankrupt developer. I was offered 70% by public bank. First house btw.In addition, i just bought a 3rd properties (at 1.5mil) and bank still want to loan me 85% (given that i that i have paid 95% of the 1st property, 40% of the second property). They some more beg me to accept it.
QUOTE(myproblem @ Sep 12 2014, 01:19 PM)
Bank will NEVER reject any loan if they think u can pay. Bank will not approve because they think that u cannot pay after that, they look at the property see if worth loaning to u in case u default it.
I think u better look at your affordability again then decide if u can afford that piece of property. As what Peri Peri said, try to loan 60% if u have the cash.
you are wrong. when i was going around seeking for loan, when I told them about the status of the condo, without knowing my credit rating, they straight say sorry we can't. what say you?I think u better look at your affordability again then decide if u can afford that piece of property. As what Peri Peri said, try to loan 60% if u have the cash.
This post has been edited by LoveMeNot: Sep 12 2014, 02:06 PM
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