Mar 26 2009, 07:43 PM
QUOTE(Pai @ Mar 26 2009, 06:54 PM)
You'll face two problems if u decide to proceed :
1. MOF will be significantly lower as its tenure left with only 70 years. Very unlikely to get 90% MOF.
2. Selling it later will be a problem coz many banks wont finance it (this is major bank's policy AS OF TODAY)
I definitely wouldnt go for this
erm... regarding the MOF, it is more dependent on the valuation, i.e the market value.1. MOF will be significantly lower as its tenure left with only 70 years. Very unlikely to get 90% MOF.
2. Selling it later will be a problem coz many banks wont finance it (this is major bank's policy AS OF TODAY)
I definitely wouldnt go for this
90% shouldn't be a problem for 70yrs old tenure.
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