hi all,

Am planning to get a 2nd property (condo) with value around RM550-600k.

Assuming 90% loan, estimated monthly installment would be a RM2.4-2.7k.

Add-on management fee of estimated RM300, final monthly loan servicing would be around RM3k (max).


Considering this RM3k monthly installment, how much is your comfortable safety level from your net income?

e.g. If monthly net income RM10k - RM3k house loan - RM3k expenditure = excess RM4k, is this enough?

e.g. If monthly net income RM8k - RM3k house loan - RM3k expenditure = excess RM2k, is this enough?

knowing that each person is different, roughly how much of % house loan servicing is recommend? 50% from net income is safe? 30% from net income?


Interested to get condo for future use, but I'm wondering if suffering the monthly installment is worth the pain. I'm expecting the pain to last for 2 years until financially improves (e.g. finished car loan).


In a dilemma

2nd property possible to get 90% loan?

I believe that 35% of your net salary should be allocated to your house

that's what I did

This post has been edited by Everlasting_Noire: Mar 8 2016, 05:57 PM

thanks for sharing

i'm potentially hitting max 50% of net salary, the balance 50% on expenditure. the safety buffer is from partner, but still a tight squeeze for both.

in the end after putting down all the numbers, from both sides, not worth the pain servicing the house loan with 50% of net income/salary.

we gotta put some safety buffer in cash for adhoc/emergency usage, eventhough both of us do spend thriftly and able to manage well.

2nd still qualified for 90%