AskGuru Q&A Community

Make confident property decisions with advice from our experts

Asked by
Hi,I am getting another property with my wife. But I have currently own a property which has my wife name in it but the loan is only using my name. My wife owns another property with loan on her name. So if we were to loan for another property, is the maximum loan 70 percent? Or it depends on the loan application?
0 •
624 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

C.Y. Janice
Replied
you can check with your banker on this issue. You might need to know base on your income and commitment, are you still eligible to get loan for another property, if yes, whats the price range etc. By the way, only 3rd properties is 70% margin. This is only your second property. Read More
0
Upvote Upvoted
  • JG
    Replied
    If I get this another property with my wife, my wife will have her name on three property but loan only two. So it is the loan that determine the third property or the spa?

Still looking for answers?

Get advice from our community of experts

Ask Your Question
Previously Asked Questions