Buyers usually use this method to pay

[sumaiyakhatun29]

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.


Legal fees and stamp duty costs. In the mark-up method: bulgaria whatsapp number database 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.