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Hi,

At a glance, it looks like quite a stretch to me.

Assume you can manage the downpayment using your cash, CPF and first-timer grant, you will need a loan of $640K.

However, based on a combined income of $5K, the estimated loan amount you could obtain from any bank is likely $334K which is quite a big gap from the $640K loan that you will need.

Best regards,
Jeron Lee
Mobile: +65-90015060 
Email: jeronlee@gmail.com
PropNex Powerful Negotiators Read More

Hi,

Assuming you purchase an EC that cost $800k.

Here's the breakdown

On Booking Day
1. Booking Fee : 5% : $40,000 (Cash Only)

Upon receiving S&P
1. Exercise Fee : 15% : $120.000 (Cash or CPF)
2. Stamp Fee : 3% : $18,600 (Cash or CPF)
3. Legal Fee : $2600 (Approx)

Total Funds required : $181,200

You have a short fall of about $31,200. If you can get the funds that would be good to proceed with a $800,000 purchase. If not, can consider looking for a unit that cost lesser.

In addition, I'd also like to share with you on the full payment schedule required after the downpayment is met. Simply drop me a text or email so that I can keep in touch with you. No Obligations as we've already helped many clients just like you understand about their financial situation before commiting to the purchase. And currently we are focused on ECs and involved in all the current EC projects.

Hope I've added value to you.

Cheers!
Andrew Ho
Tel: (+65) 9238 0058 
Email: andrewho.realtor@gmail.com
Propnex Realty Pte Ltd

Powerful Negotiators
The No.1 Team in PropNex! Read More

Hi
I'm currently involved in Waterwoods EC at punggol.
Please contact me at 9800-7048  for more info.

Peggy Leong
www.peggy-leong.com Read More