yeeeekkk wrote:seancorp wrote:how to prove it's the third one? if i have some two units long ago but refinanced it higher (above SPA) but not on 90% but lower than the current valuation. ie 120% base on SPA but 70% base on current valuation. So this take up the quota?
Also some of my others are in sdn bhd, and 70% and below, and now 60% and below, are all these counted.
One unit with relative (actually just helping) as joint borrower but no name on property, also counted one?
some bank seems to be confused with the situation, so always is to show all and let them decide but always said "70% loh" as they didn't work hard enough to understand the position
That's what I was thinking too. Also let's say I already throw in all the money to my flexi loan but do not want to settle it coz still in lock-in so still consider got 1 loan? Essentially that means I can settle it but just do not want to incur the penalty.
Yeah and those with no name on property but as joint borrower also counted ka?
As I understand it, bankers are responsible to to check financial status on each applicants through bank negara system. http://creditbureau.bnm.gov.my/index.php?ch=5&pg=7&ac=10
Any loans that is disburse out will be recorded with its details. Hence, bankers know when to give you 70% or 90% loan. Of course you can try to inform banker you need 90% but in reality you can get 70% loan only. If banker approves, it's a miracle. Do take note that bankers now requires declaration of commitments which binds you legally in case they want to take legal action against you.
As for the sdn bhd, I think you will escape the 70%LTV as company can be own by many director. But sdn bhd needs to declare taxes on their properties. Of course you can lease out your properties without declaring. The risk is yours.
As for the joint borrower, well, bad luck, both will get hit by 70%LTV.