Is It Easy To Get A 2nd Mortgage Loan?

[Reno145 0]

Has any one try to get a 2nd mortgage loan before?

Is it easy? Will banks lend you?

[bepgof 20]

Has any one try to get a 2nd mortgage loan before?

Is it easy? Will banks lend you?

As easy as ABC. Once need arises, bankers keeps pestering, like bees see the pollen.....non-stop, still pollen becomes honey.

Edited November 28, 2010 by bepgof

[Spikey 0]

as long as you can fulfil the 30% in CPF and cash...no problem

[therat 18]

also depend what loan you having

car loan

study loan

reno loan

simi dong dong loan

All will be taking account before they issue 2nd mortgage loan.

[kalimantan 6]

guys, please help me.

I want to get a bank loan to buy a property. I know i suppose to come 30% cash. But can i "rub shoulders" with banker to reduce to 20% cash instead ?

My current loan debt is about 400k. (no other loans), except children/wife loan (kiam kia / Bor chey)

[therat 18]

30% cash is come out by government one.

Don't think any banker dare to against government.

[blue_skies 3]

guys, please help me.

I want to get a bank loan to buy a property. I know i suppose to come 30% cash. But can i "rub shoulders" with banker to reduce to 20% cash instead ?

My current loan debt is about 400k. (no other loans), except children/wife loan (kiam kia / Bor chey)

Not sure if you currently already own a private property. If you do, and the value of the property has increased since you first bought it or if it has been partially paid up, you can try to use that as a collateral to get additional loan from the bank. That will help you get the extra 10% in case you are unable to come up with 30% cash. There's a certain level of risk involved but if you do your sums right and you can cover the payments, should work out fine.

[bepgof 20]

guys, please help me.

I want to get a bank loan to buy a property. I know i suppose to come 30% cash. But can i "rub shoulders" with banker to reduce to 20% cash instead ?

My current loan debt is about 400k. (no other loans), except children/wife loan (kiam kia / Bor chey)

Warrior88's friend and Maybank may be able to help you to "rub". Warrior88, tio bo?

Edited November 29, 2010 by bepgof