Good evening buyer,
The initial outlay will be the same even if your husband is an occupier but depending on which type of loan you are taking.
You will not be subject to ABSD even though you are a SPR because IRAS will treat this purchase as your matrimonial home.
Thus your initial outlay will be as such:
1) max 90% HDB loan
10% downpayment either cash or CPF
2) max 80% bank loan
5% cash downpayment
15% CPF or cash downpayment
other outlay will be buyer's stamp duty, legal fees $2000 for private, valuation fee $200, resale submission fee $80 and 1% of purchase price plus 7% gst as agent' service fee.
Hope my explanation helps!
As this purchase will be based on your sole income, I will advise you to speak to my banker first so he/ she can advise on your in principle approval (loan amount). Then from there, we can kick start our househunting with a budget in our mind.
Hear from you soon!
- Your Leasehold Ally, Freehold Tactician -
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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