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I would like to know if I'm eligible to take a housing loan of RM500k for purchase of the second house (I'm trying to sell off my current house and want to secure for a new property to relocate). Here are the scenarios:
1) Monthly commitment RM2000 if included first house
2) joint account with wife
3) clear all commitment and left one hire purchase RM730
4) have 2 kids
5) total net monthly income is RM 6000
6) we have some cash to cover the cost for purchasing the RM500k property inc 10% & MOT
Anybody could advise if we are eligible to buy or have to sell the house first?
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