Asked by Loaner
Hello, my husband and myself are interested in purchasing executive condo at approx 650,000 buget. I would like to check on the loan approval-in-principle. My husband is currently on DMP (not bankrupt) and he is doing well in servicing his own DMP. I myself is debt-free and our total combined income is 8k per month.Both of us are singaporean and attempting first-timer purchase. We have a total of 100,000 in our cpf which we would like to offset the commercial price of the condo and all in all we are able to pay 20% of the condo price as i myself have some cash savings for the 5% cash deposit requirement. My question will be, will bank give us the 80% loan based on the situation i describe above(in particular my husband DMP, however both of us have combined income of 8K)? Thanks!
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