Jun 2 2023, 09:54 AM
QUOTE(Agent 45 @ Jun 1 2023, 09:47 AM)
Hi all, anyone know how to get 90% loan on 3rd property?
Currently i have 2 property loan,
1) Loan 1 outstanding RM13k, advance payment 200k
2) Loan 2 outstanding RM312k
I dump most of my saving into my 1st loan to save on interest but i do not intend to pay off as this will deplete my saving. I'm looking to get a 3rd property around RM400k, i read somewhere that we can actually combine 2 loan into 1 loan and so still able to get 90% loan for 3rd property? Anyone done this before?
refinance involve cost and additional commitment on your monthly repayment, why want to put yourself at high risk?Currently i have 2 property loan,
1) Loan 1 outstanding RM13k, advance payment 200k
2) Loan 2 outstanding RM312k
I dump most of my saving into my 1st loan to save on interest but i do not intend to pay off as this will deplete my saving. I'm looking to get a 3rd property around RM400k, i read somewhere that we can actually combine 2 loan into 1 loan and so still able to get 90% loan for 3rd property? Anyone done this before?
plan A, You got 200k cash (i assume it flexi loan la, where u can take out watever you want or put inside to reduce interest)
Assume you dont do any refinance practice , 3rd house 400k only, 30% downpayment is 120k only , you left 80k cash, which is still ok for emergency use. right?
plan B, sell 1 of your house, den you got 90% loan and more cash
plan C, save 13k + 6 month reserve cash, then fully offset your loan 1 (might take 1-3 year), after that baru consider buying 3rd house.
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