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 Latest mortgage rate for housing loan packages, All Mortgagers are welcomed to post...

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set
post Nov 4 2010, 09:53 AM

Casual
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352 posts

Joined: Jul 2009
will joined name will get affected by the 70% thing? Assuming one of them is 3rd house, one is first
set
post Nov 5 2010, 02:02 PM

Casual
***
Junior Member
352 posts

Joined: Jul 2009
QUOTE(kok_pun @ Nov 5 2010, 12:06 PM)
ok... it goes by the loan... not the ownership of the property

if let's say you join 2 names in the loan for 2 properties, it's counted as 2 properties each.

then the next one acquired by either of the owners is considered the 3rd properties in hand...

for 1 buying as 3rd house and 1 buying as 1st house, my loan department is unable to answer me as there is no firm instruction from the govt yet
*
thanks for the info, because i going to join name with my dad, for him it is 3rd, for me it is first, so kinda confused here

This post has been edited by set: Nov 5 2010, 02:02 PM

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