Asked by Anonymous
I'm looking for a house with a budget of up to $2mil for own stay. I'm 55 years of age and wish to leverage on financing for it as well as for investment in other properties. I earn about $50k a month in total, but only $10k is taxable as the rest are overseas income, hence financing is an issue. (Had about 4 years of having $30k a month being taxed in Singapore previously and excellent credit rating, if that's helpful)
Is there any other way to get financing without placing a higher downpayment? I have a daughter who's working, is there a possibility to include her name inside to act as a 'guarantor' without affecting her ability to secure a mortgage loan of her own?
Looking to park the money in a few properties rather than lumping all in one, thank you.
Is there any other way to get financing without placing a higher downpayment? I have a daughter who's working, is there a possibility to include her name inside to act as a 'guarantor' without affecting her ability to secure a mortgage loan of her own?
Looking to park the money in a few properties rather than lumping all in one, thank you.
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