Feb 27 2009, 11:44 PM
QUOTE(SleeplessEyes @ Feb 25 2009, 07:50 PM)
Hello,
I need advice from the seniors for future planning.
My age is 26 this year,
I want to buy an apartment in the future (but not in the near future). As I know, rule of thumb, I need 10% down payment for an apartment.
I.e An apartment - RM 150K = RM 15K downpayment.
But can I put downpayment of RM 5K for an apartment at RM 150K?
Whats your opinion?
Please excuse me if I sound rather ridicule in my ideas.
Seems like u guys had some fun... dang i sure missed out a lot of stuff I need advice from the seniors for future planning.
My age is 26 this year,
I want to buy an apartment in the future (but not in the near future). As I know, rule of thumb, I need 10% down payment for an apartment.
I.e An apartment - RM 150K = RM 15K downpayment.
But can I put downpayment of RM 5K for an apartment at RM 150K?
Whats your opinion?
Please excuse me if I sound rather ridicule in my ideas.
Sleepless,
to be frank, you can do that. but since i'm attached to a bank i cant tell you how to do it. (not here at least
)You can even make 0 down payment in some scenario.
but getting a house and loan is one thing, being financial and emotional ready to commit yourself is another. And i strongly suggest you consider your current financial status before making any decision.
It alot easier to get loan these day as long as you have documents and its justifiable (is there such word?
). whats the apartment for actually? plan to move your family there? or renting it out?
This post has been edited by merce: Feb 27 2009, 11:56 PM
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