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Thread: how many properties can i buy?

  1. #1
    Newbie

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    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
    Go for Smallest Unit

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    Y ask here? Talk to ur banker

  3. #3
    Newbie

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

    hahaha... apt advice!

  4. #4
    Junior

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    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
    Senior

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    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
    Newbie

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    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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