QUOTE(capix @ Aug 7 2008, 12:31 AM)
Hi,
I'm 22....already work for a year currently..my basic income per month is RM2.5K + OT n allowance Rm2.8-3.k(nett)
Already got car which i had to pay Rm600 per month.Can i buy a house approximately Rm230k?What is my longest period of installment?
need advice here
Thx
Just take 2500 as your net incomeI'm 22....already work for a year currently..my basic income per month is RM2.5K + OT n allowance Rm2.8-3.k(nett)
Already got car which i had to pay Rm600 per month.Can i buy a house approximately Rm230k?What is my longest period of installment?
need advice here
Thx
less RM600 car installment
less RM500 for ur living expense
You are left with RM1400.
Let's say the property is RM230k, you get a loan of RM207k (90%). With 30yrs tenure and a I/R of BLR - 1.70%. You will be paying atleast RM1100 per month and this figure is without MRTA.
Question, can you afford this RM1100-1200 installment per month?
Your car loan and housing loan is around RM1700 out of RM2500 that you made. (70%). No way the bank will approve the loan unless you shows them RM1million FD receipt and pledge it with the bank