Loan Multiple Submission or Refinance
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 Dec 11 2019, 09:22 PM, updated 6y ago
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#1
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Junior Member
472 posts Joined: Jan 2009  
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Hi All Sifu,
I want to ask if I want to buy 2 property at a same time, is it still possible to do multiple submission? Property value one is 450k another is 300k. Currently I already own 1 property, so if I loan the 450k project, for the 300k I need pay 30% deposit. If not possible, then is it advisable if I do refinance on my current staying property to cover the 300k loan. This post has been edited by 工藤新一: Dec 11 2019, 09:48 PM |
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Dec 27 2019, 11:37 PM
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#2
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Junior Member
472 posts Joined: Jan 2009
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QUOTE(yap CJ @ Dec 25 2019, 01:37 PM) Since this 450k and 300k is your second purchase, you need to find experienced agent/lawyer to assist you through. I see. Ok, thanks a lot.bcoz there is regulation on some bank that imposed on the restrictions. otherwise they will parr down on your 3rd purchase, e.g. 300k property and you wil to fork out 30% downpayment (90k) if everything go smoothly will get your 450k and 300k with 90% Margin of finance. your 1st property have increase in valuation? it is no point if you do the refinance if the value of property is not increased.  |
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