My spouse just sign snp early this year, his second house 950k, 90% loan with his salary 14k. We have 2 small kids. No fancy car. To live comfortable i suggest have nett income 15k-20k
How much salary to buy 1mil landed?
How much salary to buy 1mil landed?
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Nov 21 2019, 11:57 AM
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Probation
3 posts Joined: Nov 2019 |
My spouse just sign snp early this year, his second house 950k, 90% loan with his salary 14k. We have 2 small kids. No fancy car. To live comfortable i suggest have nett income 15k-20k
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Nov 21 2019, 01:27 PM
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Newbie
46 posts Joined: Nov 2016 |
QUOTE(sweetpea88 @ Nov 21 2019, 11:57 AM) My spouse just sign snp early this year, his second house 950k, 90% loan with his salary 14k. We have 2 small kids. No fancy car. To live comfortable i suggest have nett income 15k-20k Oh thanks for the headsup. Can roughly gauge how much is needed for house loan approval. |
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Nov 21 2019, 02:19 PM
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Probation
3 posts Joined: Nov 2019 |
QUOTE(ctraveller @ Nov 21 2019, 02:57 PM) Good luck! Depends on ur DSR- debts service ratio. As long as total comitment not exceed DSR, bank will approve. Different bank, different dsr, cimb accept 85-90% i think. Maybank 75-80%. But its also depend on ur salary. Dont forget about criss, and credit cards. |
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Nov 21 2019, 02:23 PM
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Probation
7 posts Joined: Nov 2019 |
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Nov 21 2019, 02:30 PM
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Probation
3 posts Joined: Nov 2019 |
QUOTE(msiajacky @ Nov 21 2019, 03:53 PM) Employed, now quite struggle, but not until makan maggie. Still can pay all personal loan, insurance, investment, still can eat outside. Current house single terrace 250k, 1.2k monthly. I also bought condo 400k, now pay progressing around rm800 monthly, complete next year. We have to let go one of the house later. The new house will complete in 2022. |
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Nov 21 2019, 02:35 PM
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Probation
7 posts Joined: Nov 2019 |
QUOTE(sweetpea88 @ Nov 21 2019, 02:30 PM) Employed, now quite struggle, but not until makan maggie. Still can pay all personal loan, insurance, investment, still can eat outside. Current house single terrace 250k, 1.2k monthly. I also bought condo 400k, now pay progressing around rm800 monthly, complete next year. We have to let go one of the house later. The new house will complete in 2022. Looks like I been worried too much...having 0 commitment now but scared to buy 650-700k house |
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Nov 23 2019, 12:02 AM
Show posts by this member only | IPv6 | Post
#127
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Junior Member
105 posts Joined: Jul 2019 |
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Nov 23 2019, 11:16 AM
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Senior Member
1,917 posts Joined: Sep 2012 |
those working in OnG offshore should be able to buy it easily ....
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Nov 23 2019, 11:19 AM
Show posts by this member only | IPv6 | Post
#129
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All Stars
13,913 posts Joined: Sep 2017 |
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Nov 23 2019, 11:23 AM
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Senior Member
1,917 posts Joined: Sep 2012 |
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Nov 23 2019, 11:24 AM
Show posts by this member only | IPv6 | Post
#131
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All Stars
13,913 posts Joined: Sep 2017 |
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Nov 23 2019, 07:56 PM
Show posts by this member only | IPv6 | Post
#132
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Junior Member
98 posts Joined: Jul 2018 |
My doctor friend bought with his wife last time. RM 5k + RM 5k take home pay.
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Nov 23 2019, 07:58 PM
Show posts by this member only | IPv6 | Post
#133
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Junior Member
98 posts Joined: Jul 2018 |
Buying RM 1 mil house for own stay and RM 1 mil house to rent out is not the same. Own stay, you have to bear all expenses yourself. Investment, tenant will partially cover the installment.
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Nov 24 2019, 05:29 PM
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Probation
7 posts Joined: Nov 2019 |
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Nov 24 2019, 07:48 PM
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Junior Member
105 posts Joined: Jul 2019 |
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Nov 25 2019, 10:50 AM
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Probation
7 posts Joined: Nov 2019 |
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Nov 25 2019, 11:10 AM
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Junior Member
105 posts Joined: Jul 2019 |
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