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 how to get 90% loan on 3rd property?

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Tigerr
post Jun 1 2023, 02:56 PM

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QUOTE(Agent 45 @ Jun 1 2023, 11:40 AM)
yea, this is correct sweat.gif
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Let me teach u this way, see if this works.

1) settle the 13k out standing on house 1, u will be left with only 1 housing loan on house 2.
2) then go take a 90% loan for your new house 3 under your 2nd 90% housing loan quota.
3) after completed the above, go refinance your house 1 with a 70% loan and get back your rm200k cash.


Tigerr
post Jun 1 2023, 04:45 PM

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QUOTE(Pac Lease @ Jun 1 2023, 04:10 PM)
Bank guideline is referring on borrower ccris record got how many housing loan account. If is more than 2 home loan, the new home loan margin max will be 70%.

Bank is not referring to how many property that u have which is already pay off.
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u r absolutely right

 

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