We are looking to buy a bigger house and found some subsale which is around 750k.
Prepared 130k for downpayment.

Husband, 42

Income 6k - 9k depends on sales target, commission bank in by monthly directly to bank

Commitment:

Housing Loan: Cleared
Car Loan： Cleared
PTPTN: NO
Credit Card Debt: NO

Wife, 36

Income: 6.7k

Commitment:

Housing loan: 1.2k monthly (277k loan amount)
Car loan: 690 (60k)
PTPTN: No
Credit Card Debt: No

Is that possible we could get the loan approve for at least 30 years by joint borrower?

This post has been edited by Sylph818: Jan 12 2022, 10:26 AM

current 1 too small
7xx sft to stay 2 adult 2 kids?

gross salary

20 years monthly installment is too high for us, we are M40 only

rent and buy are paying almost same installment
why not i pay to own it?
i dont think u will like to keep moving the house, bringing ur 2 children just bcz of house owner wanna sell of their house or other reasons
well, this is out of topic, i dont think we should continue

actually the 2nd 1 is still in planning
we only have 1 kid now
just in case .... so i put 2 kids
if really cannot tahan, we can sell off husband house

No credit card debt, every month clear
we have extra income like share market, rental....
so it should not be an issue, i just wanna know if bank can approve or not in this case

anyway, 5k is enough for many families
even my fren earning 7k only, wife not working, can survive with a twins babies

This post has been edited by Sylph818: Jan 12 2022, 10:45 AM

we wanna know how much we can loan before we move on
we have not decide on any property yet