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 Buying a house with RM200k, what is my minimum financial status

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cody99
post Jan 7 2009, 10:15 AM

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QUOTE(Mr. Philip @ Jan 7 2009, 07:43 AM)
not sure if i'm in the relevant thread..was just wondering what about a 100k condo? It's fully furnished and all it needs is just some minor repair/maintenance work..

new owner is single, 25 and has a monthly income of 4k gross. what is the max repayment period eligible for this person? and roughly how much would the monthly installment be?

thank you
*
There are many type of loan in the market. Max repayment that bank offer up to 40 years, when i was 23.
Say u borrow 90k for 40 years with interest of 6%. Monthly bout RM500.

Hope this answer your question.
cody99
post Feb 13 2009, 08:08 AM

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QUOTE(dvinez @ Feb 12 2009, 11:38 PM)
tumpang a bit...can calculate ah for me if i loan 200k..how much permonth ?

my fiance + me get around 3.5k....car loan 400...
can i get 200k loan ?

thx thx..
*
Im not expert but usually the 1st criteria is 33% of your income to fund monthly installment.
Base on my calculation
u need join income of RM3200
Monthly repayment of RM1073 base on 5% interest for 30 years.
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