Asked by Lim Geck Poo
Currently own a 5 room executive HDB flat and intend to buy a condo unit without letting the HDB flat go. Possible?
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1 Answer
AFternoon Lim Geck Poo,
I agree with Geraldine Tan. Upon fulfilling your MOP, you are eligible to purchase your second and even third property.
The only concern is: how much loan you can get, be it 80% or 60%. Such figures are based on your age, income status, credit and whether you have exisiting mortgage loan. This will also determine how much cash you need to prepare.
DO feel free to contact me if you require further assistance.
Regards
Mike Lim
96929209
ERA Read More
I agree with Geraldine Tan. Upon fulfilling your MOP, you are eligible to purchase your second and even third property.
The only concern is: how much loan you can get, be it 80% or 60%. Such figures are based on your age, income status, credit and whether you have exisiting mortgage loan. This will also determine how much cash you need to prepare.
DO feel free to contact me if you require further assistance.
Regards
Mike Lim
96929209
ERA Read More