Asked by Anonymous
Dear Gurus, I am a first time home buyer interested in EC. May I enquire that the 30% MSR means that a combine salary of 12k can only loan 800k from the bank? So if the house is 1.1million dollars, I would have to pay the 20% downpayment and the 100k in cash? Please assist as EC prices are rising its impossible to get a 4BR at 1mil, defeating the purpose of an EC.
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