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1. I am 50 years old lady (widow) with three children and I would like to purchase 4A resale flat around $350k. How many years bank loan tenure can I apply?
2. I heard that once you have reached 55 years old you cannot pay your house thru monthly cpf contribution.
3. If your salary $3000 per month, is it possible to get bank loan.
4. 3% of flat price of stamp duty, HDB admin & miscellaneous fee and Insurance of the house, is it payment thru CPF?
5. I have around $130K CPF saving.
Thanks
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3 Answers

Hi
Let me assist you through the entire process.
Based on your income, your hle will be approximately 200K. You may reach me via 91442664  for a detail discussion.
Tricia Tan Read More
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Hi,

Let me give you a better insight to purchasing your unit - covering the financial calcualtions/ computations , going over the procedural steps and walking you through the shorltisting/ negotiation/paperwork process. Take this as an opportunity to discuss further and understand the price analysis of units and market sentiments.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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P Group
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Afternoon,

You can get loan for nothing more than age of 65. However, if you the loan tenure to be longer, different interest rates apply and it's subjected to approval.
Withdrawal of CPF monies for monthly mortgage payment if the property is purchased after the age of 55 is limited.
Financial institution works based on your credit record and status. Hence it would be good to have that worked out accordingly.

Do contact me further should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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