Second House possible to get 90% loan?? Anyone can answer?? Bank Negara already fix second house can't get 90%? or get or not still decide by bank??

This post has been edited by StevenLim88: Jul 27 2015, 11:34 AM

New policy cant get 90%

where is the news ?

Yesterday went to Eco World sales office, the sales rep also told me second house can get 90% loan.

I have a friend working as housing estate agent told me still possible to get 90% loan for second house but mostly depends on the bank after they background check on you. My first house i applied loan from two banks, CIMB only offer me 85% loan while AmBank offered 90% so i took the loan from the latter.

2nd house still possible to get 90% loan but of course it drpends on ypur credit profile and the bank risk appetite among otger factors. The only restriction set by Bank Negara is the 3rd housing loan at max 70% if you have minimum 2 existing housing loans remain unsettled.

still can get 90% for 2nd house. only on 3rd property onwards is 70%.

ooo.. understand... Thank you very much...

No prob & wish you luck

how bout 1st house dint take any loan ?

is it consider 1st property also ?

even good will etc ???

you can have 2 loan concurrentlyat 90% margin, ie, you have two loan and if you have settle 1 of the house loan you are still elegible for 90% loan for new loan.

you are saying on hand only can have 2nos x 90% loan at a time ?

how bout

1st prop - cash buy
2nd prop - 90% loan
3rd prop - 90% loan
4th prop - 70% loan
5th prop - ?

yes, your illustration is correct.

Assuming at least two of your 2nd, 3rd and 4th property loans remain outstanding, then your 5th one will be subject to max 70% financing.