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Hi,

The kind of condo price range that you can zoom in on depends on your projected sales proceeds, since you are using it to fund your next purchase. It will be easier to have a better idea if I can have the opportunity to meet up with you to elaborate on the financial planning process.

How much loan eligible also depends on your age, income, credit profile & any debt obligations you have at the moment. Perhaps my banking partners can assist to give us a better idea.

May I understand your requirements further so as to value-add to your housing plans? Thanks and hope to have the opportunity to work with you.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
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Hi, could I get my banker to get in touch with you? So that she could give you a more detailed breakdown of the max loan that you could go for.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear sir,

A quick guide to loan amount shared by a banker is that for $1.2m loan, your monthly income should be in the range of $9000 assuming 80% LTV and 30years loan tenure. In your case, it will be in your interest to secure a buyer for your HDB first before committing to a purchase. You will need to establish your cash position after selling by deducting whatever outstanding loan and CPF utilised for your HDB to work your sums out. To avoid having to endure short term rental in between your sales and purchase, you will need to look at having at least 5% of the purchase price in cash ready for the purchase and utilise bridging loan if applicable, otherwise be prepared to look at short term rental solutions in between the sale and purchase.

It will be my pleasure to look into your housing needs and present you solutions to these aspirations.

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Hi,

Thanks for your query!
To answer your loan query first, basically loan available depends on your age, credit status and profile. Since you will be selling off your unit to facilitate the condo purchase, we will need to conduct a comprehensive financial cash calculations - amalgamation of cash proceeds and factoring likely purchase price with loan granted to illustrate a progressive payment scheme to narrow down the options you can consider.

Perhaps we could schedule a meet up so that I could take the opportunity to understand your requirements, work out your financial sums, establish the sell/buy- purchase payment timeline and go over the step by step procedure- with insights and transaction caveats to understand. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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Hi,
Assuming you are eligible for 50% loan (since this will be your 2nd mortgage), the min cash require will be 5% and the remaining 45% from CPF.
To assist and advise more in details, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents. 600K HDB balance after loan + 620K bank loan = 1.22million of 80% purchase price.

You can buy 1.5 mill est property with no bad credit rate. For accurate loan, we need to submit relevant docs to the bankers.

Tell us more about your requirements with locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

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