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Afternoon,

The bank should loan both of you the max of 60% loan, as your husband, who will also be the owner of the condo, have an existing mortgage loan.
The initial 10% must be cash and the remaining 30% can be in cash / CPF / CPF + cash.

However, it would be good to double check with banker if you can try to apply on your own and get a 80% loan.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Renee,

As your husband still has an outstanding bank loan, your 2nd property will be only 60% loan, which means you need to fork out 40% upfront (10% cash and 30% CPF/Cash or combined). Not to forget the Stamp Duty is also be cash first, reimbursement from CPF later. Stamp duty is 3% - $5,400.

Do calculate your sums before before committing, and find the best way. Please feel free to drop me an email or call me directly
for a non-obligation discussion. lternatively, we can also meet up at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More