Buyers usually use this method
Posted: Sat Dec 28, 2024 6:54 am
If the quota is full, check with other banks as well. Apart from that, the interest/profit rate of this scheme is quite high . Usually 0.7% higher than normal schemes. Anyway, if you don't have a fixed income and find it difficult to qualify for a regular loan, this may be an alternative because the requirements for this scheme are not too strict. 3) Use Mark-Up Technique Mark-up is a technique where buyers manipulate the purchase price with the aim of obtaining extra cash.
To pay deposits, legal fees and stamp duty costs. In the mark-up czech republic whatsapp database method: The buyer agrees to make a purchase with the owner at one price (the original price) The buyer then presents the bank with a higher price than the original when applying for a loan (mark-up price) At the end of the purchase process, the buyer will receive cash equal to the difference between the mark-up price and the original price (multiplied by the financing margin).
Actually this technique is wrong where the buyer submits incorrect information to the bank. Mark-up also has several disadvantages: Higher legal fees and stamp duty due to mark-up prices. If the seller is subject to Real Estate Gains Tax, it is likely that they will ask the buyer to pay the tax on the mark-up portion. For me, avoid using this method. It's better to use the Housing Credit Guarantee Scheme (SJKP) or make an EPF withdrawal.
To pay deposits, legal fees and stamp duty costs. In the mark-up czech republic whatsapp database method: The buyer agrees to make a purchase with the owner at one price (the original price) The buyer then presents the bank with a higher price than the original when applying for a loan (mark-up price) At the end of the purchase process, the buyer will receive cash equal to the difference between the mark-up price and the original price (multiplied by the financing margin).
Actually this technique is wrong where the buyer submits incorrect information to the bank. Mark-up also has several disadvantages: Higher legal fees and stamp duty due to mark-up prices. If the seller is subject to Real Estate Gains Tax, it is likely that they will ask the buyer to pay the tax on the mark-up portion. For me, avoid using this method. It's better to use the Housing Credit Guarantee Scheme (SJKP) or make an EPF withdrawal.