Purchase Private Residential Property

Private Residential

Purchase Planning

Step 1: Derive Your maximum loan Borrowing Capacity.

There are TWO key factors to determine the maximum loan amount:

a) TDSR (Total-debt-servicing-ratio): The new mortgage repayment & your other existing loan monthly commitment should not exceed 60% of your combine income. If the subject property is an investment property with minimum 6 months balance lease, this portion of income could be included into the total income.

b) Maximum Loan-to-valuation (LTV):
i) Only ONE residential property mortgage - 80%
ii) Second residential property mortgage - 50%
iii) Third & Above residential property mortgage 40%

Once you know your maximum loan borrowing capacity, you can always work backward to derive your budget for new property purchase

Start Now. It is FREE

save your time & effort. Let MxRICH calculate for you.

Steps

Derive Your
Maximum Loan
Borrowing Capacity

Step 1

Apply for
In-principle Approval from at least 1 bank

Step 2: Apply for IPA (In-principle-Approval)

It is an important step. With a written IPA from bank will give you a peace of mind for securing a mortgage and avoid unnecessary lost of booking fee. We always ask our client do not underestimate this step especially under stringent regulation and check in bank.

We will recommend you a few bank packages based on your criteria, and assist you on the documentation and follow up with respective banker.

Normally, IPA only last for 1 month. Any annoucement of new regulation, IPA will always become obselete.

Step 2

Start Now. It is FREE

save your time & effort. Let MxRICH assist you.

Get Bank Indicative
valuation

Step 3

Step 3: Bank Indicative Valuation

You can always send your shortlist property detail to MxRICH. We will obtain the bank indicative valuation for you.

Most banks require at least 2 valuers to match the asking price.
The indicative valuation is extremely important if you are planning for maximum loan.

save your time & effort. Let MxRICH assist you.

Start Now. It is FREE

Private Residential

Purchase Planning

Step 1: Derive Your maximum loan Borrowing Capacity.

There are TWO key factors to determine the maximum loan amount:

b) Maximum Loan-to-valuation (LTV):
i) Only ONE residential property mortgage - 80%
ii) Second residential property mortgage - 50%
iii) Third & Above residential property mortgage 40%

Once you know your maximum loan borrowing capacity, you can always work backward to derive your budget for new property purchase

save your time & effort. Let MxRICH calculate for you.

Steps

Derive Your
Maximum Loan
Borrowing Capacity

Step 1

Apply for
In-principle Approval from at least 1 bank

Step 2: Apply for IPA (In-principle-Approval)

It is an important step. With a written IPA from bank will give you a peace of mind for securing a mortgage and avoid unnecessary lost of booking fee. We always ask our client do not underestimate this step especially under stringent regulation and check in bank.

We will recommend you a few bank packages based on your criteria, and assist you on the documentation and follow up with respective banker.

Normally, IPA only last for 1 month. Any annoucement of new regulation, IPA will always become obselete.

Step 2

save your time & effort. Let MxRICH assist you.

Get Bank Indicative
valuation

Step 3

Step 3: Bank Indicative Valuation

You can always send your shortlist property detail to MxRICH. We will obtain the bank indicative valuation for you.

Most banks require at least 2 valuers to match the asking price.
The indicative valuation is extremely important if you are planning for maximum loan.

save your time & effort. Let MxRICH assist you.

Read More

Read More

Read More

Private Residential

Purchase Planning

Step 1: Derive Your maximum loan Borrowing Capacity.

There are TWO key factors to determine the maximum loan amount:

b) Maximum Loan-to-valuation (LTV): i) Only ONE residential property mortgage - 80% ii) Second residential property mortgage - 50% iii) Third & Above residential property mortgage 40%

Once you know your maximum loan borrowing capacity, you can always work backward to derive your budget for new property purchase

save your time & effort. Let MxRICH calculate for you.

Steps

Derive Your Maximum Loan Borrowing Capacity

Step 1

Apply for In-principle Approval from at least 1 bank

Step 2: Apply for IPA (In-principle-Approval)

It is an important step. With a written IPA from bank will give you a peace of mind for securing a mortgage and avoid unnecessary lost of booking fee. We always ask our client do not underestimate this step especially under stringent regulation and check in bank.

We will recommend you a few bank packages based on your criteria, and assist you on the documentation and follow up with respective banker.

Normally, IPA only last for 1 month. Any annoucement of new regulation, IPA will always become obselete.

Step 2

save your time & effort. Let MxRICH assist you.

Get Bank Indicative valuation

Step 3

Step 3: Bank Indicative Valuation

You can always send your shortlist property detail to MxRICH. We will obtain the bank indicative valuation for you.

Most banks require at least 2 valuers to match the asking price. The indicative valuation is extremely important if you are planning for maximum loan.

save your time & effort. Let MxRICH assist you.

Read More

Read More

Read More

b) Maximum Loan-to-valuation (LTV):
i) Only ONE residential property mortgage - 80%
ii) Second residential property mortgage - 50%
iii) Third & Above residential property mortgage 40%

Derive Your
Maximum Loan
Borrowing Capacity

Apply for
In-principle Approval from at least 1 bank

Get Bank Indicative
valuation

Most banks require at least 2 valuers to match the asking price.
The indicative valuation is extremely important if you are planning for maximum loan.