Aug 16 2021, 12:05 PM
QUOTE(Afterburner1.0 @ Aug 16 2021, 11:59 AM)
Due to covid, was retrenched since last year.... but i do have alternative income from rental of about RM 5K per mth(with tenancy agreement).... but not too sure if banks allow ppl like me to take a housing loan of about 500K to buy a new house for investment?
Contacted a few bankers.... but all don't layan me.... straight up say our bank don't accept client like u! ok lor.... i'll ask around....
Got 1 ask me to join name.... no lar.... this is my prop why wanna join name.... then got 1 banker say i need assets and cash of 1 mil to apply loan... lol
So anyone can advise on how to go about it to apply housing loan using rental as my mthly income?
Is your agreement stamped?Contacted a few bankers.... but all don't layan me.... straight up say our bank don't accept client like u! ok lor.... i'll ask around....
Got 1 ask me to join name.... no lar.... this is my prop why wanna join name.... then got 1 banker say i need assets and cash of 1 mil to apply loan... lol
So anyone can advise on how to go about it to apply housing loan using rental as my mthly income?
Normally they allow 80% of rental as income but maybe your dsr even with the rental is too high.
Therefore you get rejected cause of high risk cause of no job and high dsr
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