Asked by Jaycee
does the bank loan including COV?
1412 views
1 Answer
Hi Jaycee,
COV - Cash Over Valuation
Banks and HDB only recognises the actual valuation report for the property to disburse loan as that is supposed to be what the property is worth. Any offers above the valuation price will have to be borne by the buyer.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More
COV - Cash Over Valuation
Banks and HDB only recognises the actual valuation report for the property to disburse loan as that is supposed to be what the property is worth. Any offers above the valuation price will have to be borne by the buyer.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More