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Refinancing your property for cash, and credit consolidation
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lifebalance
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 Apr 1 2019, 05:46 PM
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QUOTE(jiwaman @ Apr 1 2019, 05:45 PM) A : ask for third party charge to help B collateral - fully paid landed property (99 years - balance 60 years + ) MV = RM 300 K ask for 150 K status AKPK B : director Company B status : good ccris and ctos willing to pay (5 years max) cannot la, get B to buy over that property from A. |
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jiwaman
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Apr 1 2019, 06:20 PM
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New Member
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What is the meaning of third party charge loan ?
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lifebalance
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Apr 1 2019, 06:26 PM
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QUOTE(jiwaman @ Apr 1 2019, 06:20 PM) What is the meaning of third party charge loan ? Means the borrower and owner of the property are not the same |
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jiwaman
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Apr 1 2019, 07:01 PM
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New Member
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QUOTE(lifebalance @ Apr 1 2019, 06:26 PM) Means the borrower and owner of the property are not the same Then A would be third party and B would pay to the bank . Am I right ? |
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stevenryl86
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Apr 2 2019, 07:39 AM
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If I'm not wrong, there is a new formula for those going for refinance & it will eat up DSCR.
This thread need to be updated
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lifebalance
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Apr 2 2019, 09:11 AM
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QUOTE(jiwaman @ Apr 1 2019, 07:01 PM) Then A would be third party and B would pay to the bank . Am I right ? No, when you sell the property entirely to B, its a 1st party charge. |
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jiwaman
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Apr 2 2019, 12:46 PM
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New Member
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Do not worry , i found the link related to third party charge
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