If you buy a third house using housing loan

[sumaiyakhatun29]

The margin of financing will be 70%. It is important to take note… Bank determines your margin of financing based on the number of housing loan you owed. If you have two housing loans, the third home loan margin is 70%. However, if let’s say you paid the first or the second housing loan, the margin revert to 90% again.


So remember this. The margin of financing is not reliant on the denmark whatsapp fan number of house you have, but the number of housing loan instead. In addition, the bank provides an additional 5% of the purchase price to cover for the legal fee for loan agreement, stamp duty and valuation fee. That’s why sometimes we see advertisement stating housing loan margin is 90+5%. 2) How joint loan affects margin of financing If you apply loan together with a joint applicant, it will affect the third housing loan margin.


As I mentioned above, margin of financing for the first and second mortgage is 90%. The third one 70%. We take a pair of husband and wife for example. They should be able to get 4 housing loan at 90% margin (two units wife, two units husband at 90%). However… If the pair bought their first house together as joint applicants, the bank considers BOTH have already used their first 90% quota.