go big or go home..!

Some bank will check again CCRIS when first disburse money, if burst, they will lower your margin or terminate the loan. Like tiger bank. But this is random choose to check again. If you are the unlucky, den congrats u.

Doing loan compression, most important you got Holding power to do -ve gearing. If dun hv, then prepare go for bankrupt.

You play fire in kitchen you need to tahan the heat.

Unker, you are a regular feature also.

You must free up your quota, clear either your first or second house loan.
Nobody do compress loan / multiple submission with 70% LTV. Defeat the purpose.

Hi Sifu2, yesterday I went to a stock investment preview class, the so call master mentioned about loan compression...
Can sifu sifu tell me what's the purpose of doing compressed loan?
If that guy financial able to buy 5 house at the same time, why dont he just follow the right way?
Or other way, if the guy is not capable to have 5 house, after he do the loan compression to get 5 approved loan, how could he pay back monthly installment?

Sorry a newbie without an asset LOL

Sorry dude, i am not clear about the loan payment
Let say the guy is not capable for 5 houses, how he gonna pay the installment before VP ?
Is it for under con project i no need to pay installment before VP ??
Great info bro
But another question, is it possible to do 100% loan? So when there's 10% rebate, i will able to overloan and get 10% of extra cash flow??
Sorry sifu2 for such newbie question... just interesting to know more

business always is business not matter what the era coming in. bank not stupid to reject the potential profit business except you not worth it.

Cash back is personal loan in other name, is a liability. Amount interest paid over extended loan tenure could be higher than short term personal loan.

While this is true, the low interest is beneficial. In general personal loans have more than double the annual interest rates of a mortgage, and limited to just 10 years.

A loan is a loan, assuming that we do not care what we call these loans (personal vs mortgage-cash-back), it is always advantageous to borrow more, stretch the tenure, and pay lower interests - as long as you use the capital to earn more than the interest rate that is. Businesses should be all over it.

In fact, they do. Take bond for example, highly rated bond issuers have exceptionally low coupon rates. If you do not capitalize your rating (company) and high MV property (mortgage applicant), you are wasting that opportunity. This is especially true for those who end up taking personal/business loans later in their life.

Of course, one can choose to live a lowly-geared life and that is fine, however YOLO     

maybe u have different thoughts, for me, borrow extra from bank is very hard.. if can borrow extra. better be.. no one will pay according to the installment one, trust me..  Within 10 to 15 years, you may sell the house already...

There is no doubt debt is a tool like knife, is useful and could also be harmful depending on the user. empirically, those never experience handle large sums of money or debt is unlikely able to handle prudently.

Bro, he's biased la. Don't waste your time arguing. He makes a living selling loans anyway.

Some banks yes. Not all I heard.

when we do compress loan, do we need pay undertable cash money for the job done nicely without getting caught?

No free lunch in this world, u need to pay to know.

Bank won’t withdraw after first disbursement. The only risk is the bank check ur ccris again prior first disbursement

Oh damn, I am screwed!
Just joking
I am not saying I gonna use ALL my cashout for reinvestment.

Anyway, let's take one of my unit as example:

Projected cashout: ~RM80K

Monthly installment: RM1.4K
Monthly maintenance and miscellaneous cost: ~RM600
Total monthly commitment: ~RM2K

Current planning (disclaimer: estimated figures)
Option 1, Rent by dust: RM0
Option 2, Rent by unit: RM800-RM1K
Option 3, Rent by rooms with partition: RM1.5-RM2K

Deficit annually (disclaimer: estimated figures)
Rent by dust: RM24K
Rent by unit: RM12K-RM14.4K
Rent by rooms with partition: RM0-RM1.2K

Deficit after 5 years (disclaimer: estimated figures)
Rent by dust: RM120K
Rent by unit: RM60K-RM72K
Rent by rooms with partition: RM0-RM6K

I am opting for option 3, will personally manage all the units.
So, if i gone rouge and decided to use ALL the cashout for new car, watch, holidays stocks and more properties, does the figures make sense?

Maintenance is less than 200 each unit, I put it as worst case scenario "touchwood" I need fork out extra 400 per month for god knows what reasons

80k EACH unit.....round of applause?

Small reward is a must!

Spent the last two years working two jobs to boost my dsr and the past one year viewing and shortlisting more than ten units in one day