Impact of new LTV on Mortgage

[Ringo33]

Assuming you bought 2 property 2 years ago with 70%LTV and after 2 or 3 rounds of cooling measures, the LTV for 2nd property has now been reduced to 50%.

Questions

When you seek refinancing for your existing 2 property, will the new bank be able to loan you above 50%?

Will your existing bank request you to top up so that they can reduce your LTV to 50%

[rockinsg]

Assuming you bought 2 property 2 years ago with 70%LTV and after 2 or 3 rounds of cooling measures, the LTV for 2nd property has now been reduced to 50%.

Questions

When you seek refinancing for your existing 2 property, will the new bank be able to loan you above 50%?

Will your existing bank request you to top up so that they can reduce your LTV to 50%

i think they mentioned CM applicable based on otp date..so shouldn't impact refinance

[Ringo33]

i think they mentioned CM applicable based on otp date..so shouldn't impact refinance

Lets make it simpler for discussion.

1st property (P1) bought with 80%LTV

2nd property (P2) bought with 70%LTV

3rd property (P3) bought with 60%LTV

Now with the cooling measure, for 3rd property onwards, LTV is 40%.

When you do you refinancing, will bank be able to loan you 80, 70, 60%?

Or they will loan you maximum of 40% for all property since you already have 3.

[Cupcakes]

Equity loan is up to 70% only.

[amk]

Refinance the existing balance, whatever LTV it might be.

[newbie11]

Refinance the existing balance, whatever LTV it might be.

Correct.. If u want equity loan, then new Ltv applies which will not make sense then..

[JAFCO]

That is where it bites.....so long as interest rate stay abnormally low it not bleed