How to get property valuer to up the property value ? say other unit is worth 320k, your unit is renovated so you opt for 380k, able to force the property valuer to put 400k ? so able to refinance at 400k ? subject is paid off, 13 yo property. New to this not understand.

say if able to cash out 400k. means that you have to serve the new loan @ 2k per month.
and if you take cash out 400k to downpayment for 600k property and take another loan 200k @ 1k per month. Meaning total loan serve is at 3k per month ?
if the cash out property @ 400k with new loan @ 2k per month, but monthly rental is only around 1.5k per month i think not worth it ? I think i'm stupid right now. blur.

DSR = (Total Commitment ÷ Nett Income) × 100

Passive incomes from properties rental can be submitted to bank and be counted as Nett Income ? But TA normally is 2 years only, what if after 2 years Tenant no renew, then for 6 months no potential Tenant thus no income for that few months ?

I have a housing loan for the amount of 120k, which I zerolise it when I took up the loan 8 years ago. The loan tenure is 20 years. To-date, the outstanding is still 90k. Looking at it, I doubt when the 20th year arrives the loan could be fully settled. Please enlighten.

Sorry, let me try to clarify. The loan taken is a flexi-loan. Meaning I deposited whatever money I have (in this case 120k) which is the loan amount in order to make the interest charged equal to 0%, otherwise interest charged will be BLR - x.xx%. I maintained the loan with the bank since I do not want to pay off the property in one go, and also due to zerolise the loan no interest charge no harm putting in (this is what I was being told and believed and therefore took the loan, but now I feel it is so strange looking at the figures still 90k+ outstanding after 8 out of 20 years servicing the loan)

As I understand, zerolise means making the interest charged as 0 (I hope I get it correct), not to mean fully settle the loan amount. I did not settle the loan amount yet although the money I had in the bank I took up the loan could settle it.

To illustrate, the following are extracted from one of my account statement:

(A) Balance brought forward: RM 93,926.61 (after the loan tenure lapsed 40% @ 8/20 years, the amount paid is only less than 25% @ 27k/120k of the loan, sounds illogical but where went wrong?)

(B) Payment received: RM 847.00 (this amount is fixed by the bank and auto debit from my account where I get the loan from)

© Interest charged: 403.97 [ (RM 93.926.61 x 5.10% x 1/365) + (RM 93,926.61 - 847) x 5.10% x 30/365] (this is the interest rebated to me)

(D) Mortgage account balance: RM 93,579.84 (initial deposit is 120k, after the many years of servicing loan, this is the balance I had in the bank now ..)

(E) my outstanding now is RM 93,483.58 (A-B+C)

(F) Net position: RM 96.26 (D-F)

Looking at the amount 847 - 4xx, every month is like deducting 400++ from what I had, 12 years x say 500/month x 12 months / year = 72k, now still outstanding 93k, so at end of the 20th year, still have outstanding of 21k? So even the loan taken is 20 years also can't settle in 20 years? I'm feeling so strange, please help.. thank you very much