Good morning!
In regards to in principle approval, it will be best that I ask my banker to advise you on it so you can gauge how much loan can you obtain.
Do take note that even though obtaining 80% bank loan is crucial, the initial outlay is as important too.
You need to come out as much as estimated 23% of the purchase price as initial outlay. 23%: 5% cash downpayment, 15% cpf oa funds or cash downpayment, estimated 3% buyer's stamp duty, legal fees, valuation fee, stamp duty for mortgage etc.
Do share more information so I will be in a better positiib to advise you.
Hope to hear from you soon.
YT Tan
ECG Property
9111 5171
Yt.lovelyhomes@gmail.com
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