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I currently plan to buy my FIRST HOUSE. With the details below, what's the affordable price range house? and at Kuching, Sarawak area.

Age: 24
Monthly Income: RM5,100
Credit Card Installment Payment: RM135 (Never have outstanding Record)
Car Loan: RM 0
Personal Loan: RM 0
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1 Answer

David Wong Lai Kwong
Replied
Hello,
You may borrow up RM630,000 to buy a RM700,000 house
Your loan tenure maximum is 35 years or up to 70 years old.
Your monthly repayment is about RM2,900/month at 4.25% interest per annum.
Your debt service ratio (DSR) including all monthly loan repayments should not be more than 75% to 80% of your nett income (Gross income x 80%). Read More
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