Hi, does that mean, when we pay the option fee 5% , we need to make sure, bank will be willing to give us 75% of the loan based on our salary that time? Because the loan will be slowly increase. And what if after paying option fee 5% we cannot get any bank to give us the loan?
Yeap, so before buying a new launch make sure you get an in principal approval from the bank to make sure you can secure a 75% loan. If you forfeit after paying the 5% you can get 75% of it back, 25% of the booking fee will be forfeited by the developer.
Great start to the new year
Hi, does that mean, when we pay the option fee 5% , we need to make sure, bank will be willing to give us 75% of the loan based on our salary that time? Because the loan will be slowly increase.
And what if after paying option fee 5% we cannot get any bank to give us the loan?
Yeap, so before buying a new launch make sure you get an in principal approval from the bank to make sure you can secure a 75% loan. If you forfeit after paying the 5% you can get 75% of it back, 25% of the booking fee will be forfeited by the developer.
Informative as always!
hmm... next time when im ready i will call u....