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 Seeking for advice - first time home buyer (PJ), Seeking for advice - first time home buy

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digitalz
post Dec 8 2020, 02:34 PM

The only thing we have to fear is fear itself.
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QUOTE(CHL95 @ Dec 8 2020, 12:30 AM)
Actually my income is not fixed, I have basic but I’m incentive based & my incentive payout is once a quarter and max payout is around 10k.. I’ve calculated for the past 6 months, my average income per month (basic + incentive) nett is around 6k per month..
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Well this is to be assessed by the Banks. You have basic income but the rest is incentive based so the Bank will have to check / run through a "risk assessment" before actually deciding to give you any form of loan. Your average might not be their average tbh.

 

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