Asked by AL
Hi,
Appreciate some advice here.
1) I intend to buy a 2nd property (condo). My first property is HDB and I have enough balance in OA to pay up fully for HDB. I will have only $10K in OA after paying up.
2) For financing of 2nd property, do I have to set aside the min sum of $61,500? But I will only have $10K in OA and about $40K in SA.
3) How much loan will banks give since this is 2nd property? 70% ?
Thanks
Appreciate some advice here.
1) I intend to buy a 2nd property (condo). My first property is HDB and I have enough balance in OA to pay up fully for HDB. I will have only $10K in OA after paying up.
2) For financing of 2nd property, do I have to set aside the min sum of $61,500? But I will only have $10K in OA and about $40K in SA.
3) How much loan will banks give since this is 2nd property? 70% ?
Thanks
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