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Hi all, 

I have a question on refinancing, although I'm not sure whether this is the term I shall use here. But below is my current situation, hope anyone will such knowledge could tell me what could I do next. Thanks in advance.


I have joint-name with my friend - property-A in KL which currently worth close to RM 1m and loan already settled. I also have another property-B which joint-name with my cousin & currently paying Interest (since the property-B still under construction & only ready by 2019). So now, I'm interested in another property-C but I'm no longer working (semi-retired, just playing some stock trading) now. Since i'm not working anymore, I can't get bank loan. Therefore it came across my mind that refinancing existing property-A to purchase property-C. 

1. I'm not working anymore. I'm 31yo. No income or whatsoever. Just stock trading. 

2. I have a joint-name property-A (with my friend) which the loan already settled 1 year ago from today.

3. I also have another joint-name property-B (with my cousin) which currently is paying bank loan-interest of RM 4xx per month until completion in 2019.

Now, if i want to purchase property-C by refinancing property-A, with all conditions I have above, is it workable to get a bank loan?

Anyone knows?


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Thanks guys for the replies.

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Unlike before, even with refinancing, banks require proof of income....at least from the banks that I know.

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yes, correct. bank prefers stable regular income, lower risk for them.

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@nicky_esh thanks for sharing