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Thread: I love my Bank.

  1. #1
    Senior Arcachon's Avatar
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    Default I love my Bank.

    Today got a mail from my banker.

    the bank can only grant you the max loan tenor at 6 yrs only and based on the ppty purchased and your income, the max loan quantum is only @ 60% LTV. Do you still want me to proceed for you if you can only get 6 yrs of loan tenor. Pls advise. thank you.

    Look like Game over for me now, will try again.

  2. #2
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    Why 6 years? I thought i read somewhere you are in your 40s.

  3. #3
    mutant powerpuff buttercarp's Avatar
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    6 years only?
    They think you buying car?

    They are telling you they don't want to lend you.

  4. #4
    tweet @condoexchange carbuncle's Avatar
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    the full stop at the end of your thread title is especially poignant .

  5. #5
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    Local bank or foreign bank? Do you still have regular salary from your employment?

  6. #6
    Triple Crown
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    Leasehold property right?

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    Junior blackjack21trader's Avatar
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    halor, bother share with us which bank is that leh? u can say local or foreign,dun need to say name. or isit you owned too many properties liao leh ?

  8. #8
    Junior blackjack21trader's Avatar
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    Quote Originally Posted by Secretariat
    Leasehold property right?
    isit brother ? why 6 years u still wanna buy leh? enligten us, brother !

  9. #9
    Junior blackjack21trader's Avatar
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    tell us leh, brother. 6 years leasehold very fast one. is like u go toilet come out, the stock prices all changed liao leh. and 6 years also not enuff to make me grow one wrinkle leh

    otherwise, one must find a banker geniuely willing to help you and share with you how to expand ur finances. not one that close the umbella when it is goin to rain.


  10. #10
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    I thought there was a picture of him taken from the facebook. I think he is 50 something.
    Quote Originally Posted by kane
    Why 6 years? I thought i read somewhere you are in your 40s.

  11. #11
    Triple Crown
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    Some reportedly bought one with short lease...

    http://www.renotalk.com/forum/index.php?showtopic=52041

    A bargain or not?

  12. #12
    Music of the night phantom_opera's Avatar
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    what is going on?? same situation as Yowetan??



    really a risky game
    Ride at your own risk !!!

  13. #13
    Music of the night phantom_opera's Avatar
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    Quote Originally Posted by carbuncle
    the full stop at the end of your thread title is especially poignant .
    my English actually improves after TCSS in this forum
    Ride at your own risk !!!

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    Quote Originally Posted by phantom_opera
    what is going on?? same situation as Yowetan??



    really a risky game
    What is the case of Yowetan, bro?

  15. #15
    Music of the night phantom_opera's Avatar
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    Quote Originally Posted by Secretariat
    What is the case of Yowetan, bro?
    You did not read? He bought Flamingo Valley, exercised his option but haven't got his 90% LTV staff loan approved .. of course it could be just a fraud
    Ride at your own risk !!!

  16. #16
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    Quote Originally Posted by phantom_opera
    You did not read? He bought Flamingo Valley, exercised his option but haven't got his 90% LTV staff loan approved .. of course it could be just a fraud
    OIC, thanks.

  17. #17
    tweet @condoexchange carbuncle's Avatar
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    its not just a full stop, period.

  18. #18
    mutant powerpuff buttercarp's Avatar
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    Quote Originally Posted by carbuncle
    its not just a full stop, period.
    Then what else can it be?
    A mole?

  19. #19
    tweet @condoexchange carbuncle's Avatar
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    Quote Originally Posted by buttercarp
    Then what else can it be?
    A mole?
    looks like I gotcha this time sister.

    a full stop is also known as a period. it was a pun.

  20. #20
    mutant powerpuff buttercarp's Avatar
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    Quote Originally Posted by carbuncle
    its not just a full stop, period.
    Quote Originally Posted by carbuncle
    looks like I gotcha this time sister.

    a full stop is also known as a period. it was a pun.
    Period....i sure know one mah !

    That's why I ask what else can it be, as in what are the other possibilities.

  21. #21
    tweet @condoexchange carbuncle's Avatar
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    you mean you know period because you are a woman?

  22. #22
    Senior Arcachon's Avatar
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    I almost fall off my chair when I read my banker reply.

    I was looking at a 1 Bedroom Sky green for my retirement home.

    There was also a Shophouse selling for 750k, valuation 800k.

    Just celebrated my 12th birthday.

    Own 5 Room HDB val at 595k, 2 Bedroom val at 1.5m, 3 Bedroom PH at 1,305,800. Outstanding loan at 1.8m.

    Salary 44k a year, rental income 78k, cola 4k a month, housing 200 euro.

    BMW 5 series 4k euro, SMART car 4k euro.

    Son going NS.

    Wife stay at home watch series everyday.

  23. #23
    mutant powerpuff buttercarp's Avatar
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    Quote Originally Posted by carbuncle
    you mean you know period because you are a woman?
    Yes. You no period because you are a man.

    Quote Originally Posted by Arcachon
    I almost fall off my chair when I read my banker reply.

    I was looking at a 1 Bedroom Sky green for my retirement home.

    There was also a Shophouse selling for 750k, valuation 800k.

    Just celebrated my 12th birthday.

    Own 5 Room HDB val at 595k, 2 Bedroom val at 1.5m, 3 Bedroom PH at 1,305,800. Outstanding loan at 1.8m.

    Salary 44k a year, rental income 78k, cola 4k a month, housing 200 euro.

    BMW 5 series 4k euro, SMART car 4k euro.

    Son going NS.

    Wife stay at home watch series everyday.
    Now I remember you are a leap year baby.
    OMG u take cola?

    How come the 3 BR PH valuation is lower than the 2 bedder?

    U stay in France, right?
    I tot i read it somewhere before.

  24. #24
    Music of the night phantom_opera's Avatar
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    Quote Originally Posted by Arcachon
    I almost fall off my chair when I read my banker reply.

    I was looking at a 1 Bedroom Sky green for my retirement home.

    There was also a Shophouse selling for 750k, valuation 800k.

    Just celebrated my 12th birthday.

    Own 5 Room HDB val at 595k, 2 Bedroom val at 1.5m, 3 Bedroom PH at 1,305,800. Outstanding loan at 1.8m.

    Salary 44k a year, rental income 78k, cola 4k a month, housing 200 euro.

    BMW 5 series 4k euro, SMART car 4k euro.

    Son going NS.

    Wife stay at home watch series everyday.
    the problem is you have outstanding loan of 1.8m and stop working ... if I am the bank i also scared
    Ride at your own risk !!!

  25. #25
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    Quote Originally Posted by phantom_opera
    the problem is you have outstanding loan of 1.8m and stop working ... if I am the bank i also scared
    Own 5 Room HDB val at 595k, 2 Bedroom val at 1.5m, 3 Bedroom PH at 1,305,800. Outstanding loan at 1.8m.
    net assets = 1.6mil
    still okay wat.

    2BR by bank A, 3BR by bank B, perhap Bank C not willing to lend since they dont have first charge to the other properties.
    perhaps if all the loans by the same bank then the bank would feel more safe.

  26. #26
    Music of the night phantom_opera's Avatar
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    Quote Originally Posted by hopeful
    Own 5 Room HDB val at 595k, 2 Bedroom val at 1.5m, 3 Bedroom PH at 1,305,800. Outstanding loan at 1.8m.
    net assets = 1.6mil
    still okay wat.

    2BR by bank A, 3BR by bank B, perhap Bank C not willing to lend since they dont have first charge to the other properties.
    perhaps if all the loans by the same bank then the bank would feel more safe.
    you cannot use the market valuation, what if market crash 50%?
    Ride at your own risk !!!

  27. #27
    tweet @condoexchange carbuncle's Avatar
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    you 12years old only got son already??

  28. #28
    tweet @condoexchange carbuncle's Avatar
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    oh you born 29feb 1964

  29. #29
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    Quote Originally Posted by phantom_opera
    you cannot use the market valuation, what if market crash 50%?
    then he will many friends in same boat as him.
    afterall, regardless whether one is 20 years, or 40 years old, if market crash 50%, then still die.

    bank will not have repayment holiday when one is 20 years.

  30. #30
    Newbie Werther's Avatar
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    Haha, actually people in this forum are smart and sharp....caruncle - I never thought of the leap years. Buttercarp - so sharp to pick up how v
    Come PH cheaper than 2-bedroom...u r all good man.

    Or maybe I am slow lah.

    Enjoy reading all yr posts.


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