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Hi,

Assuming no other debt obligations and a good credit record, a 1.2m loan of 28 years using a 2.5% interest rate, the monthly mortgage is about $4970. Current interest rates are approx 2%, depending on the package you take up, and is likely to increase gradually in the next 1-2 years.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials) Read More

to add on, you can use CPF OA to service the monthly mortgage repayments* Read More

Evening,

Assuming that you have taken a loan of $1.2 mil over a period of 28 years, with interest of 2%, your monthly installment for the first year will be around $4,700.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

Your monthly CPF contribution to your mortgage loan is not fixed to the property price nor your loan amount.

I have clients with excess CPF monies, paying off their monthly mortgage installment fully using CPF. Some even collected rental in CASH while paying the mortgage using their CPF!

This monthly CPF contribution is set by you, instructing the lawyers on how much monthly to deduct from your CPF-OA account.

Please contact me at my mobile 9748 6305  , I am looking forward to sharing more and assisting you in your property purchase.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More