Asked by
Can we buy a condo with cash proceeds of $300K + $43K cpf? My husband 50 y.o.is self-employed but recently switch to another new self-employed trade for ard 6 months with average monthly income $3500 - $4000. I am 47 & currently a homemaker. We do not hv kids or car. So how much can the bank loan us in this case?
0
431 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

5 Answers

Good afternoon,

For self-employed applicants, typically bank will look at the NOA and credit profile and assess from there. May I know if you are currently owners of another property at the moment? As this will affect the next purchase as well in terms of outlay.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5%)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
0
  • SL
    No we are not owners of another property yet. Will be first time borrow from bank.
Hi,

I will suggest that you approach bank to obtain IPA. With that you will be able to work out your finance on the type of housing that you can purchase.

Should you need any assistance, drop me a message @ 81184108  and i will get in touch with you.

Regards,
Nicholas Read More
0
Hi Sir/Madam

Yes it is possible
I will be glad to assist, no agent fee from private property buyer
Any location that you prefer?

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
0
Robbie Chen Chee Howe
Hi Mdm,

I will need to know more information from you first before I can give you a more appropriate recommendation.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your home purchase. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions