Unlock more loan power

Unlock MORE Loan Power: Beyond Your DSR!

Hey future homeowners! DSR's key, but not the only key to your dream home. Want to borrow more? Here's the quick scoop:

Team Up: Joint loan with a financially strong partner = bigger loan potential.

Stretch it (Smartly): Longer loan term = lower monthly payments (but watch that total interest!).

Govt Perks: Check out local homeownership schemes – they can boost your buying power.

Trim the Fat: Cut unnecessary spending. Less outgoing = more you can borrow.

Debt Detox: Refinance high-interest debts. Lower payments = better DSR.

Think smart, not just by the numbers. What are your go-to strategies? Share below! 



Comments

Post a Comment

Popular posts from this blog

SEMI-D HOUSE VS TERRACE HOUSE: WHICH IS RIGHT FOR YOU?

Image
 So,you’re on the hunt for new home? The vibrant area offers a range of property options, and two popular contenders often top the list: Semi-detached (Semi-D) houses and terrace houses . Both offer unique advantages, and the “right” choice ultimately depends on your individual needs, lifestyle, and budget. Following our recent look into the world of semi-D houses, we thought it would be helpful to delve deeper and compare them directly with terrace houses, a more common property type of in Malaysia. Let’s break down the key differences to help you make an informed decision: Space and layout: -Semi-D : As the name suggests, a semi- D shares one common wall with its neighbour. This design typically results in wider land size compared to a standard terrace house. You often get a side garden or more generous outdoor space,offering more room for landscaping,outdoor activities, or even potential extensions. The interior layout can also feel more spacious and airy due extra width. -Terra...
Read more

FIRST HOME DREAM:DONT'S Overlook THESE 3BUDGET Essentials!

Image
Congratulations!  You're one step closer to your first dream home. But before you get carried away choosing furniture, make sure your budget is solid. Many first-time buyers overlook crucial things. Don't be one of them! Here are 3 key budget aspects you MUST know:  * More Than Just the House Price: Don't only focus on the property's selling price. Remember, there are other costs involved:    * Deposit: Usually 10% of the house price.    * Legal Fees & Stamp Duty: These can amount to thousands.    * Insurance & Takaful: Protection for your loan and property.    * Minor Renovations (if needed): Paint, lights, or small fixes. Set aside at least 15-20% more than the house price to cover these costs.  * Affordable Monthly Payments: Banks will assess your ability to pay the monthly loan installments. But also consider:    * Other Monthly Commitments: Car loans, personal loans, credit card bills.    * Daily Exp...
Read more