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Thread: how many properties can i buy?

  1. #1
    Join Date
    Jun 2011
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    17

    Default how many properties can i buy?

    me and wife own 2 properties hdb, condo.
    can we get loan for another proterty?
    present monthly mortgage is 15% of income.

    was told by friend that banks will only approve my loan with another partner (also own 1 hdb and condo) but not with wife. y?

  2. #2
    Join Date
    Jul 2010
    Posts
    2,890

    Default

    Y ask here? Talk to ur banker

  3. #3
    Join Date
    Jun 2008
    Posts
    249

    Default

    Quote Originally Posted by kingkong1984
    Y ask here? Talk to ur banker

    hahaha... apt advice!

  4. #4
    Join Date
    Oct 2010
    Posts
    1,997

    Default

    Quote Originally Posted by condo888

    was told by friend that banks will only approve my loan with another partner (also own 1 hdb and condo) but not with wife. y?
    haha... your friend or your mistress tell you this...

  5. #5
    Join Date
    Jun 2011
    Posts
    6,134

    Default

    Quote Originally Posted by condo888
    me and wife own 2 properties hdb, condo.
    can we get loan for another proterty?
    present monthly mortgage is 15% of income.

    was told by friend that banks will only approve my loan with another partner (also own 1 hdb and condo) but not with wife. y?
    you dare to buy now....

  6. #6
    Join Date
    Dec 2008
    Posts
    2

    Default

    Quote Originally Posted by condo888
    me and wife own 2 properties hdb, condo.
    can we get loan for another proterty?
    present monthly mortgage is 15% of income.

    was told by friend that banks will only approve my loan with another partner (also own 1 hdb and condo) but not with wife. y?

    Your friend not policymaker or Banks.....

    Best check with banks, they will access your credit risk to see how much loan you can get.

    The current policy by Govt is you can only borrow up to 60% for the next property and if you sell within 4yrs... you will be taxed more accordingly.

    Go read up on the recent property rules set by Govt and then talk to your Banks to see how much loan you can get.

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