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Me and my wife currently own a 5rm HDB flat in Yishun area and are still servicing the loan(ard 140k).Currently thinking of upgrading to EC in Yishun area,few questions
1)Don have enought cash on hand if we don sell first, for the 5% DP but have enough in CPF for the 15%
2)some bad records with couple of banks before but all cleared with no outstanding ,will that affect the appilcation for loans?
pls advise.Thanks
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1 Answer

YT Tan (陈永达)
Replied
Hi Jon,

You can first do IPA with a few banks to see whether they are keen to grant you a loan. I will request my panels of bankers to contact you.

Secondly, if you dont have enough cash to finance the 5% cash downpayment. You can either take up a personal loan from relatives/ family/ friends or banks (higher interest rate).

If not, the alternative will be to sell off your HDB and rent a temporary accommodation for waiting period of completion of EC.

Hope it helps!

Warmest Regards,
YT TAN | ACCA Graduate
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More
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