Try submit for 800k loan based on your salary without combine income see can get anot

This post has been edited by Jliew168: Nov 3 2014, 03:57 PM

Still pretend student ah

He's studying partime and fulltime as a waiter

Wah you got 2 in-laws

If not in laws who pressure you until so tension, who pressure you during weekend ? Your own parents ? Your siblings who already bought their houses ?

If you dont intend to discuss, why come into a forum ? The readers at least got our points. You only splush out rubbish theory the readers dont even know what you are talking about

are you another joker, one person cannot get 800k loan= banking system full proof? only malaysia bank are smart enough to do this, US, whole Europe, grece, argentina, Hina, singapore all dunno? Malaysia citizen gene better?

take an example of pre DSR implementation.. jokers taking loans..

bubble corner here di, new thing i learn (how rampant it is happening, reader please say)

A joker who earns 6k nett salary (assuming clean guy no other forms of commitments that will reduce borrowing ability)

6k nett , under the current DSR 70% means max stretchable is around 4.2k installments monthly, means loan sum of 1.1 million

so, this joker knows he has 4.2k credit, but as a smart joker, he goes on and take a loan of 500k only, 35 years, 10% DP, 2.1k monthly installment

ask time goes by, joker sudddenly has financial constraint a sudden need of 200k cash, and with no cash on hands , no one to help? how?

as usual he approcahed the bank and loan officer come to rescue, you look sad you got a 500k house in hand,ya, but still under loan.. I am in need to 200k cash.. how?

no worry, we can refinance your house, now your proprty of 500k become 1 million already.. oh so how? easy you refinance your house for 500k, means the current 500k + 500k= 1 million

1 million loans only service 4k per month , no need any DP 10%, 35 years tenure , and you get cash..

hoping this on, joker went on and refinance the house for 500k... and now he service loans of 1 million, 4k monthly, 35 years.. and most important get 500k cash, on interest rates of (BLR 6.85- 2.45= 4.4%) CHEAPER THAN ANY PERSONAL LOANS and so long a tenure

joker now has 500k cash... settle 200k which he needed, left 300k.. 300k /4k monthly installments= 75 months

75 months /12 months 9per year)= 6.25 years , this dude can now prolong the non payment of house for 6 years and without him paying a single cents during the 4 years (assuming BLR, and etc cost stays) and live through the 5 years PRGT, and stay in side the house...

so how do we get refinancing valuation of 500k? easy.... valuers in action Malaysia boleh, no wonder BBB say wont die, need to exhaust the refinance money to fall, but be beware, one must ability to loan the sum under DSR 70%.. JUST IMAGINE jokers who borrow loans , refinance it before DSR 70% was introduced

in Malaysia, no problem, got property under loan is good enough already... cheap interest and etc.. flippers has yet to find another way again..

think again, this is allowable called remortgage.. but yet many borrowers has stretched their limits to the max leaving no room/options for refinancing to prolong auction... such weak borrowers outside (max stretch which amounts to subprime in America, yet many denying it)

You also predict price to drop next year woh....why so rush ? Iceman say property crash takes years to bottom woh...you can save RM100k for the same green terrain leh if you buy in 2017

you predict the property price will increase 5-10% (bull run syndrome still running), dunwnat to earn extra 50k per year?

above example also show one who has no money, can get cash 500k out to do further investment despite under strict/prudent DSR 70%, think about pre DSR 70% . for so long this has been allowed, yet some jokers still say Malaysia are very prudent? starting this year ahead? also not so prudent leh..

they will bank on cheap interest and invest and invest again... buying life for the next 5-6 years..

but of course, we younger generation will reveal this market BBB scheme out.. all are debt bound.. appreciative, waiting for you points of rebuttals, hope not more trolling...

This post has been edited by bearbearwong: Nov 3 2014, 04:45 PM

U pusing pusing me n tai chi here n there but never direct answer my question.

I just ask simple question do bank approve 4.5 salary person with 800k loan?

If you no income to support u can refinance ?

Just bought another one last week. But i dont flip. I aim for rental one. So price go up 50k 100k 200k no meaning to me because only on paper. Monthly rental is cashflow which matters to me. Me not a flipper like you

Bearbear, in your example the person bought a RM500k property or RM1m property ?

1st of all, that is not my salary...

second of all 4.5k salary cannot get 800k under the new DSR scheme

but 4.5 k before the DSR is well and good for 800k loans..

if you are smart enough, say you have 30k cash only, buy a proeprty worth 300k, service it around 6 months around 1.5 k monthly, 35 years , 10% DP, after than refinance it to 600k, you service 2.7k per month, 35 years, no DP at all..

and you get 300k cash from 30k cash, and have a house at the same time and no need to worry about installments, as the refinance sums will help you to service it for few years at least enough to pass over RPGT 5 years at least and sell back...

easy money, cheap interest= according to BBB prudent banking system in the world... yup

appreciative, opportunity still open for you.. this is how Malaysian become super rich, those after selling super rich lor.. BBW dunno meh? knn

dun beat around the bush...

Just a simple question you can't answer ? Where got beating around the bush ?

Let me ask you again. Did that person buy a house valued at RM500k with RM500k loan ? Or that person bought a house valued at RM1m with RM500k loan ?

Then why u still homeless? So easy 1 meh?

Once u buy 300k and so fast become 600k ah?

So easy u can hack bank system ah

So easy why u still have nothing

600k a bit lebih, but for ori owners and wait vp and with DIBS can do what, a lot what? before 2014 purchase all DIBS going to vp soon

on the hacking part, as mention and discuss, valuer marking up/jacking up prices will facilitate the target... the one shot go 10% that is why withing 1 year got 20%...

but even bro showtime 747 bull run syndrome (5-10% ) yearly increae is good enough... right?

dun forget, 10% valuation jacked up during other tranasction,

say 500k, other ppl jack up 550k... then you refinance at 550k and jack up on valuers valuation fees (u think I dunno meh) another 10%, total 20%

500k prop on early year 500k, year end 600k.. double jack up..

can actually quote example of ppl with earnings and jacking up prices one...

BBB's outnumbered DDD yet.. haizzzz

This post has been edited by bearbearwong: Nov 3 2014, 05:13 PM

KNN sarcasm pun talak tau.

I feel sth is wrong, you can lay down both scenario...

haha, you mean you knew you are wrong ?