QUOTE(IceQTurbo @ Apr 13 2012, 02:57 PM)
Hey guys, with the new implemenation of mortgage loan based on net income, is there anyway for us to self assess how much loan we are qualified?
try this monthly net income * 0.4. That is the amount of monthly repayment the bank would probably allowed. From there you should be able to work out the property price you qualified.Net income is your final pay after deducting EPF, SOCSO, Tax.
Again that is just a simple calculation, they also look into other loans you have, monthly installment and credit card debts.
Apr 17 2012, 01:44 AM

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