How to not affect the quota in joint ownership
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 Feb 25 2022, 03:13 PM
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#1
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Senior Member
1,595 posts Joined: Sep 2021  
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For the 1st house, just proceed & buy with the joint name & joint loan. It will be sometime down the road before you will be able to initiate your 2nd house purchase. Probably another 6-7 years time. By that time, with your salary brackets, you might not even qualify for the benefits of the 1st house ownerships benefits which will make your current worry irrelevant.
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Feb 26 2022, 02:11 PM
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#2
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Senior Member
1,595 posts Joined: Sep 2021
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QUOTE(ultimate93 @ Feb 26 2022, 11:57 AM) Make sense…. How about the maximum loan amount for 2nd purchase? Will it be lesser? 90%(max) margin financing for 2nd house. For the 2nd unit , you can consider using single name . 3rd unit onwards , it will drop till 70% margin financing (max). |
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Feb 26 2022, 02:25 PM
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#3
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Senior Member
1,595 posts Joined: Sep 2021
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QUOTE(mini orchard @ Feb 26 2022, 02:23 PM) If want 90% for 2nd loan, income must also increase in tandem, otherwise, it will be less. Yes, that why I put “max”. If not qualify , the margin % will drop.90 is just a guide. Income and other financial liabilities matters. |
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