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Dear Gurus, I am a first time home buyer interested in EC. May I enquire that the 30% MSR means that a combine salary of 12k can only loan 800k from the bank? So if the house is 1.1million dollars, I would have to pay the 20% downpayment and the 100k in cash? Please assist as EC prices are rising its impossible to get a 4BR at 1mil, defeating the purpose of an EC.
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2 Answers

YT Tan (陈永达)
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Good morning buyer! Why not let my banker advise you on your in principle approval so you can find out how much loan you can obtain? I spoken with him before, for EC purchase, it will based on MSR and TDSR. Hope to hear from you soon. YT Tan ECG Property 9111 5171  Yt.lovelyhomes@gmail.com Read More
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Philip Chong
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Dear Sir, you are absolutely correct. Do give me a call if you have any queries. Currently marketing 4 EC and seeking indication of interest for 3 new upcoming ECs. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, PropNex Realty Pte Ltd. Email: propnex@me.com Hp: 81613790  Read More
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