QUOTE(RoMMeL @ Nov 8 2023, 12:09 AM)
Wondering how people can buy so many properties (besides compression method). Keep refinancing or cash rich?
some people use their kids name, my friend got 2 house under her name3rd House, nasihat rakan sebaya
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 Nov 9 2023, 10:11 AM
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Junior Member
432 posts Joined: Apr 2009  
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Nov 9 2023, 10:38 AM
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#22
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Junior Member
662 posts Joined: Jun 2020
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QUOTE(aPiT_OxyMoxy @ Nov 9 2023, 10:10 AM) it depends on the bank on this for some bank they only take 50% from the rental income Yes, some bank only take 50%, bank loan business is open market, every bank appetite is different. so every applicant can choose the bank match to their appetite also. For people like to leverage and major income from tenancy agreement for sure they will go to higher margin bank.for my case i markup my rental, make it 3 month statement, with tenancy agreement and LHDN stamping it works for me to get 2nd house to lower down my DSR now my challenges is to get 3rd house, maybe i need to do full settlement 1st house or top-up loan and one new suggestion is loan consolidation consolidation loan is a solution i ever hear from banker/agent, but i never use it or apply for it. I forgotten where i hear this before, either some panel banker / or mortgage banker / or outsource banker / or insurance agency agent / or AKPK. |
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Nov 9 2023, 11:35 AM
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Junior Member
432 posts Joined: Apr 2009
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QUOTE(Aldo-Kirosu @ Nov 9 2023, 11:38 AM) Yes, some bank only take 50%, bank loan business is open market, every bank appetite is different. so every applicant can choose the bank match to their appetite also. For people like to leverage and major income from tenancy agreement for sure they will go to higher margin bank. agency % can be very high i keep getting calls for loan and consolidate nowadaysconsolidation loan is a solution i ever hear from banker/agent, but i never use it or apply for it. I forgotten where i hear this before, either some panel banker / or mortgage banker / or outsource banker / or insurance agency agent / or AKPK. still in dilemma to get 2+1 dual key condo or landed |
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Nov 9 2023, 11:48 AM
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Senior Member
1,263 posts Joined: Oct 2016
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if not mistaken consolidated loan will flag certain code on your CCRISS, not under normal housing loan/commercial loan categories.... So be very sure with consolidation loan t&c and the implication before proceed.
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Nov 9 2023, 12:31 PM
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#25
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Senior Member
5,642 posts Joined: Apr 2011 From: Kuala Lumpur 
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Is this an undercon? If yes I feel that 70% loan is much easier than all the workaround. At least you will have time to save up for the second and third 10%
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