2 Answers

Dear Dr Andrew, It is advisable to speak to a qualified banker on this aspect to determine a comfortable loan level you should be looking at to prevent overcommitting your finances for this purchase. Alternatively, if you are using a smartphone on iOS or Andriod platform, you may wish to download this app "DBS Home Connect" where 1 of the function allows you to do a generic assessment of a loan amount you will probably be eligible for without submitting the income statements usually associated with proper IPA. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** ARE YOU FREE 21st May?? Watch out this space for more landed homes deals!! More than 50% units sold @ Royal Wharf, London. A new prime waterfront township in central London awaits your attention. An excellent opportunity for investment in an ideal location. Studio units are almost sold out!! https://www.facebook.com/media/set/?set=a.372619176213358.1073741861.284747148333895&type=1 Call us to find out MORE! Read More
2
Dr Andrew Tan, without announcing to the bank, actually they do not know and would not take that into consideration. With the TDSR, it is to ensure that you exercise financial prudence. Unless your overseas home loan is with a local bank, it would not show up in your Credit report. Not that I am asking you to lie, but this is the reality of it. You now have the information to do what you deem fit. If you are buying a property in Singapore and would like honest opinion about what constitutes a good buy, let me know Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions