Asked by twsh
Hi, assuming base on an annual income of $60k and base on the mortgage calculator, i can only borrow a maximum amt of about $322k with a monthly repayment of $2k. My current situation:- - I need a loan of ard $800k over a period of 15 years for the new house - I do have an HDB flat where I can rent out at abt $3k/month. SO my question is, will the bank allow me to take a loan of $800k for 15 years cos technically speaking I can repay abt $5k per month, i.e. $3k from rental and another $2k from cpf. thanks n regards,
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