What does CCRIS collateral means?, Am I eligible for 90% loan again?
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 Jun 9 2021, 09:52 PM
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All Stars
14,511 posts Joined: Sep 2017 
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At the end of the day, your total loan matters.
Even if you qualified for 90%, but if your debt is high against your income, bank will only grant below 90. Banks will not separate eligibility criteria but to assess your overall risk level. This post has been edited by mini orchard: Jun 9 2021, 09:55 PM |
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Jun 9 2021, 10:39 PM
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All Stars
14,511 posts Joined: Sep 2017
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QUOTE(pakjat @ Jun 9 2021, 10:18 PM) but if one already have 2 active housing loan, no matter how low his DSR is, bank can only give max 70% loan right? The criteria is whichever gives the bank a lower risk level. So if your dsr is low, then is 70%. If your dsr is high, it may below 70.so in my case, am I seen to be having 1 or 2 housing loan at this moment?  I would guess your outstanding cash out loan is link to you Apartment B as collateral, hence is considered a housing loan. |
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