Buying a home is a dream for many people, but when buying a home it is important to measure your income and buy a home that matches your income.
Many people do not measure their income when buying a home and try to buy a house that exceeds their income, which results in the loan not being approved. This is how the dream of buying a house is delayed.
When buying a house, you must buy a house that matches your income, for example, a person earning RM3500 per month can only buy a house that costs RM300,000. If a person earns RM3500 per month to buy a RM500,000 house, the loan will not be approved.
Here is the price of the house you can buy per salary and the monthly installment required. Note! The interest rate is calculated at 4% and the loan is 90% for up to 35 years, the interest rate offered by each bank will vary.
Note! The information is for reference only.
