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Hi gurus, can I have your opinion on the following situation?

My finance has just started a new job after being retrenched and was unemployed for 4mths+. His last drawn was between $7k to $11k and was employed for >5 years.

As for myself, unfortunately my former organisation had decided to wind down hence I was also being asked to go, and has been unemployed for coming 5 months too. I was in the workforce for close to 8 years. However during these few (unemployed) months, I continue with my side hustles (selling stuffs online and intraday trading).

Do you think it will be easy for us to apply for a loan from HDB and/of bank, if I decided to become as a full time homemaker? Should we try to apply for a HLE before applying for bto/resale?

Thank you very much in advance.
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2 Answers

YT Tan (陈永达)
Good afternoon,

Sorry to hear what you guys are going through.

Is your fiance under probation in his new work?

Sorry again that i dont think banks will recognise your trading profits as an income unless you are a full time trader.

Maybe let my banker advise you how much can you guys loan based on fiancee's income? Some banks okay to take 1 month pay slip but most prefer minimum 3 months.

Things will get better for both of you. Stay safe.

Best regards,

YT Tan
Property Kaki
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Robbie Chen Chee Howe
Hi Ms,

Sorry to hear that both of you are badly affected by the Covid situation.

I strongly advise both of you to get a loan assessment from bank as well as doing up a HLE.

This will let you have a clearer understanding on the amount of loan you can qualify for, and in turn work out a comfortable budget for your home purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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