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Home Buying

Asked by Duncan Neo 2 Feb 2009

Hi Advisors, i understand that the bank will only allow up to 80% bank loan nowadays, so that means the buyer will have to fork out 20%. So how does this 20% work out? Thanks Advisors!

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J.A. Goh 吴永益 · Answer 1 · 2009-02-02T13:42:50+08:00

J.A. Goh 吴永益

Replied 2 Feb 2009

Hi Duncan,

First 5% must be in Cash, balance can be either in cash or CPF.

Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350
Email: gohja@singnet.com.sg Read More

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Duncan Neo

Replied 2 Feb 2009

Hi Advisor Goh,

Thanks so much for your explanation. :)

Rgds
Duncan

Vincent Chan Koon Koon · Answer 2 · 2009-02-02T14:38:17+08:00

Vincent Chan Koon Koon

Replied 2 Feb 2009

Hi Sir,

As per explained bank allow unitl 80% however still subjected to your credit assesment to achieve 80%. Inregardless on how many percent,min is 5% must be in cash, the rest can be cash/CPF subject to usage of CPF on second property.
Thanks and Cheers

Vincent Chan Koon Koon
TEAM Director ERA
HP:82002170
www.chansproperty.com Read More

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Duncan Neo

Replied 2 Feb 2009

Hi Advisor Vincent,

Thanks a lot for your explanation. It helps! :)

Rgds
Duncan

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