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Hi.. i am currently just settled my akpk. I wish to apply to buy another condo with pricing range between 350-450. My monthly income is 8k. commitment one shared name condo monthly 1.5k & car loan 650.

Question:
1) can i make a loan that covers renovation cost as well?
2) can i buy another house with 350-450k pricing?
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2 Answers

<en>Hana</en> <en>Wahid</en>
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Hi, I am Hana a registered agent based in KL& Shah Alam. As for your question: 1. Yes you may, do markup loan, but you need to get owner's auhtorization for that. Let me tell you how it works: i- Look for a condo under market value. MV: RM480,000 SellIng Price: RM420,000 Deal with owner/agent/lawyer to apply loan based on MV. 90% from RM480,000 is RM432,000. Loan: RM432,000 Purchase Price: RM420,000 So you have excess of RM12,000. 2. Based on your given info, your eligibility is up to RM700,000 house. But, better to stick on your budget earlier. You can save more for other investment. If you have any further enquiry, I can be contacted vi 017-2376375  . Hana Wahid. Read More
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<en>John</en> <en>Ooi</en>
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