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Hello, i am considering to upgrade to an EC.

Currently,,my 5 room flat is fully paid. The value of the resale should be about $500K.

Do i still need to take a bank loan from the bank?

Reason is i have bad credit scores which might affect the chances of a housing bank loan.

However paying the 5% and 15% option fees is not a problem

Can i have the 5% and 15%. Afterwhich i sell off my HDB for the EC?
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1 Answer

Tricia Tan
Replied
Hi Mr Tan,
There are a few concerns that you will need to consider. Are you buying a new EC or resale EC? Do you have a temporary place to stay if you are selling your current house to buy a New EC? You will still need to take a bank loan, but you can take lower amount. Perhaps we can sit down together for a more detail discussion so I can understand your concern and help you.
I am contacble at 92700867  .
Look forward to hear from you.
Tricia Tan ERA
 92700867  Read More
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