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star
26-08-16, 23:12
Lets say u already hit your TDSR. Can u use rental income as a source of income to loan more money for property from bank?

Kelonguni
27-08-16, 00:14
Can but not much help.

Some help if one property rental income used as income for another property.

The nett amount should be subject to 70% haircut, and after that 60% TDSR. So a rental amount of $3,000 ends up only able to loan $1200 or so per month, provided the rental property is fully paid off.

star
27-08-16, 01:22
Thanks for the info sir.