Lets say u already hit your TDSR. Can u use rental income as a source of income to loan more money for property from bank?
Lets say u already hit your TDSR. Can u use rental income as a source of income to loan more money for property from bank?
Can but not much help.
Some help if one property rental income used as income for another property.
The nett amount should be subject to 70% haircut, and after that 60% TDSR. So a rental amount of $3,000 ends up only able to loan $1200 or so per month, provided the rental property is fully paid off.
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
Thanks for the info sir.