AskGuru Q&A Community

Afternoon, Since you do not have property under your name, it's definitely wiser to do so, which will save you some amount of money. If you are SC, you will not be liable for ABSD. But if you are PR, you will need to prepare extra cash of 5%. You will also not be required to set aside the CPF minimum sum for the purchase. As for your loan eligibility, it will also depends on your credit record and age, hence it would be good for me to have my banker to work the sums out with you. Do feel free to contact me if you require further assistance. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Hi, Assessing your loan ability will require much private info which you did not disclose, eg Age, Cash, CPF amounts.... We do work closely with bankers to tailor a loan package for you... and while doing that, survey a few homes... right now, I have a large 3BR with possibility to convert into 4BR, 999 year lease, low density apartment beside Downtown East and 200m from beach... contact me for this and others... Gary 81883186  Read More

A good banker will be able to advise you on how to maximise your borrowings. A good real estate salesperson will be able to assist you in the best buy. Do give me a call @ 81613790  or email to propnex@me.com if you need further assistance. Rgds Philip Chong, Associate Team Director, SAEA Mortgage Planner, Propnex Realty Pte Ltd Read More

Good afternoon, Why not let my banker advise you on your in principle approval so you can gauge how much can you obtain from bank (80%). Do take note that the loan amount will be restricted to max loan tenure 30 years or retirement age 65 years old and total debt servicing ratio (60% debt of your income). Will you be purchasing solely under your name or both names? Hope to hear from you soon. YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More

Hi , I am happy to see your posted in the Property Guru . I would like to help you to get a good banker to check with your eligibility to loan for your 2nd property for your own occupation in due of the loan restrictions imposed . Regards Cindy Leong . Please feel free to contact me (email : cindyleongcy@era.com.sg or contact hp 83891556  ) Read More

Dear prospective buyers,

While doing your IPA for bank loans, do also consider the probablity that you are purchasing the property together as one of the option.

While these are ongoing, you may perhaps wish to shortlist the projects which you are interested in and check out on the latest listing prices on top of recent transactions. Thereafter, you will probably be able to see if borrowing as a sole owner is sufficient for you to make the purchase within your shortlisted projects. Otherwise, you may consider purchasing under 2 names, which my fellow professionals have indicated that a good banker will be able to advise you in terms of the loan packaging. I have heard of clients who are concern about the ABSD issue coming out satisfied with solutions packages by the banker. Let me know if you require someone to talk to.

Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
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Hi,

Feel free to contact me so that I can assist you more in person, cheer!

Rdgs
James Jose
 93530099  Read More