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Greetings.
I would like to know, regarding the third home 70% margin rule, does it only apply to buyers with 2 existing properties and looking to buy third one at 70% margin?
If I have bought 2 properties before, and recently sell off one of it, left with 1 existing property. Does the next property go with only 70% loan margin or go as 2nd home 90%?
Thank you!
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1 Answer

Muhd Fahmie
Replied
Hi. Good morning. In your case, you're entitled for 90% loan margin because you have sold one of those two properties. Besides, if you managed to fully paid those properties; you can get your 90% loan margin back. Hope this helps. Thank you and have a great day. Stay safe. Read More
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