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I probably have a bad credit rating (multiple personal loans) while my wife has a very good credit rating. Our salary is almost the same (6k/mth). We are intending to get a pte property.
Will we get a better loan quantum if she applies as sole applicant, or is it still better we go ahead and apply as 2 applicants even though my credit rating is bad?
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1 Answer

Mike Lim
Replied
Afternoon Mr. Pat,

With combined income, both of you may or may not get higher loan amount but may not get 80% loan. With your spouse income alone, she may get less loan than using combined income but likely to get 80% loan. However, all this are subjected to your spouse clean credit and income record, age and number of units in holding.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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