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Home Financing

Asked by Anonymous 18 May 2011

for buying resale property as a first time buyer for investment, what is the financing like? is it true that more cash is needed?

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Kelvin Ng · Answer 1 · 2011-05-19T12:40:48+08:00

Kelvin Ng

Replied 19 May 2011

Dear Sir,

Due to MAS rulings, if you have an outstanding housing loan, the banks can only support up to 60% of the financing for your new property.

As this you are getting an investment property, there are also other factors to consider.

If you are free, why dont you give me a call so i can better address your enquiries better.

Kelvin Ng
Orangetee
9386-0900 Read More

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