Asked by Stefan S
Hi Agents,
I am aware of the new ruling for both HDB loan and bank loan.
It is now revised of 90% of valuation instead of 80% for approved loans.
If my HLE application indicate that the approved HDB loan amount is lesser than the 90% of the valuation of my targeted unit, can I look for additional financing like a bank loan. I am not sure whether I can obtain both HDB and bank loan together. Also, for 10% of the valuation, I can pay by CPF amount. However if my CPF is insufficent, can i still obtain the bank loan? I am also aware of the COV, stamp duties and agent fees which will come out to be ard 30 to 40k. I am not sure if I am able to get financing for this if my cash amount is insufficent.
Please advise.
Thank you.
I am aware of the new ruling for both HDB loan and bank loan.
It is now revised of 90% of valuation instead of 80% for approved loans.
If my HLE application indicate that the approved HDB loan amount is lesser than the 90% of the valuation of my targeted unit, can I look for additional financing like a bank loan. I am not sure whether I can obtain both HDB and bank loan together. Also, for 10% of the valuation, I can pay by CPF amount. However if my CPF is insufficent, can i still obtain the bank loan? I am also aware of the COV, stamp duties and agent fees which will come out to be ard 30 to 40k. I am not sure if I am able to get financing for this if my cash amount is insufficent.
Please advise.
Thank you.
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