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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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ask_dino
post Jan 13 2016, 09:48 AM

DS is the name
*****
Senior Member
741 posts

Joined: May 2006
From: The City Of Petaling Jaya
Hi madgeniusfigo or anybody that can help,

I would like to know the amount bank can offer for my 2nd property housing loan based on my income and my wife

Gross Salary RM 5200
2015 bonus about about 4 month

1st house loan RM500k (under my name) will be paying RM2.3k per month (currently paying interest as house undercon)
Credit Card Outstanding RM 3000 (target to pay full by Feb or March)

Partner (Wife) Income
Gross Salary RM 3700
PTPTN RM10k paying RM200 per month
Personal loan RM15k paying RM280 per month

What is the max value of house that we can get?

Thanks in advance!

This post has been edited by ask_dino: Jan 13 2016, 10:42 AM
ask_dino
post Jan 13 2016, 11:24 AM

DS is the name
*****
Senior Member
741 posts

Joined: May 2006
From: The City Of Petaling Jaya
QUOTE(lifebalance @ Jan 13 2016, 09:54 AM)
What's your monthly installment for 1st house loan 500k

and PTPTN 10k outstanding monthly paying how much ?

Personal loan RM15k monthly paying how much ?

Personal loan RM307 monthly how much ?

If need faster result can call me or leave me ur contact
*
Updated info on my post as follows:

Gross Salary RM 5200
2015 bonus about about 4 month

1st house loan RM500k (under my name) will be paying RM2.3k per month (currently paying interest as house undercon)
Credit Card Outstanding RM 3000 (target to pay full by Feb or March)

Partner (Wife) Income
Gross Salary RM 3700
PTPTN RM10k paying RM200 per month
Personal loan RM15k paying RM280 per month
ask_dino
post Jan 13 2016, 02:15 PM

DS is the name
*****
Senior Member
741 posts

Joined: May 2006
From: The City Of Petaling Jaya
QUOTE(lifebalance @ Jan 13 2016, 12:21 PM)
Can buy up to 660k
*
Thanks a lot rclxms.gif


QUOTE(Madgeniusfigo @ Jan 13 2016, 12:56 PM)
Dear,

1. Bonus 4 months, is this contractual bonus or performance bonus?
If Performance Bonus, can give me 2 years 2015 and 2014 income

2. PTPTN loan, if your wife didn't owe ptptn more than 36months, it won't show in the CCRIS and added as debt.

3. Without the details from point 1 and 2, I have tabulated your loan analysis, your max loan eligible (without bonus included) is RM637,000 from HLB, and other max loan eligibility from other banks do look at bottom right section yellow highlight.

4. 90% margin of finance shouldn't be a problem, given that your CCRIS and CTOS have no issues. I need to look at it including your income documents before I can assure you of any promises. laugh.gif 

user posted image
*
Thanks for the analysis, my answer as follows -

for point 1 it is performance bonus and just join the company in 2014 so only got bonus for 2015

Can you tabulate the eligibility of my wife only should she wanted to take loan under her name? What is the maximum she can get

Thanks again
ask_dino
post Jan 14 2016, 09:17 AM

DS is the name
*****
Senior Member
741 posts

Joined: May 2006
From: The City Of Petaling Jaya
QUOTE(Madgeniusfigo @ Jan 13 2016, 07:37 PM)
Dear,

1. If it is performance bonus, will need 2 years of bonus credited to you only Bonus will be derived as income. Hence, the table I tabulated holds.

2. Best is RM630,000 max loan value

3. Be careful of overestimated loan eligibility, things aren't as merry as it seems. Just becareful
*
Thanks Evan for your feedback
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