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Hi,

If you have been prompt with your credit card monthly payments and the credit score is good, it is worth exploring as the home loan amount for the next property will not be affected. Will be glad to discuss and explore how much you can loan for the mortgage after clearing the personal loan amounts. Once there's clarity on this, and based on the purchase price of condo and funds on hand, it be easier to explore if the upgrade is possible.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More

Good day Sir / madam .

I agree with your plan to sell your hdb and use the cash proceeds to pay off the unsecured credit / personal loans which are charging you very high interest .

As to your plan to buy a 3 bedroom condo , you may want to do your sums thoroughly , if necessary due to budget , you can buy a hdb instead if eligible .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( 1 sole agent only ) to your property , or 2% for open listing ( many agents ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi sir ,

In this case , it's best we met up to do some financial sums and draw up a plan to asses the feasibility of your upgrade plans.
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Good day Sir / madam .

I agree with your plan to sell your hdb and use the cash proceeds to pay off the unsecured credit / personal loans which are charging you very high interest .

As to your plan to buy a 3 bedroom condo , you may want to do your sums thoroughly , buying a condo is possible if the cash proceeds from your hdb sale is very high , meaning you bought your hdb at a very low price of 300k or lower .

Kindly contact me for a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights ( 1 sole agent only ) to your hdb , or 2% for open listing ( many agents ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

Have you been promptly paying off the minimum payment for your $180k unsecured loan? This is very important, as it will affect your credit ratings with Credit Bureau.

If your credit rating is still good, it is very much possible that you can proceed with your plan of selling your HDB and purchasing a condo for your next home.

Do get in touch with me and I can share with you how I can help you plan your timeline such that you will have a seamless transition from your HDB to your condo.

Should you need any 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

Dear Sir/Mdm,

You are in a good position to upgrade however, it is important to find out the amount of loan you will be able to secure in view of the outstanding loan.

One method that you can adopt is to sell the HDB first and clear the debt before applying for the housing loan. In this way, you will be able to secure the maximum loan. However, for this to work, you will need an interim place to stay during the transition period.

I have assisted clients in a similar situation as you to upgrade. Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Dear sir,

It may seems feasible based on your plans moving forward, however, it is best to sit down and work out the estimated sales proceeds for your existing HDB, given that we are unsure of how much CPF you have utilised with accrued interest for the existing flat. This will greatly affect the sales proceeds of your flat, which in turn impact the status after repayment of your unsecured loan.

With more detailed understanding of the financial status, it will be easier to plan out your next housing option. I would guess that you will probably need an interim housing of about a year after sale in order for the credit records to be cleared such that you can maximise your housing loan.

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Regards,

Geryl LIM
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Global Alliance Property (L3010679B) - Century 21
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Afternoon,

Based on your credit record, it would be quite likely that you can obtain sufficient loan to purchase a condo. You might want to consider something more affordable since you ultimate plan is to improve your credit status and liquidity.

Do feel free to contact me should you require further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Good evening owner,

I had clients with similar or worse situation than you.

Banks might not be able to grant you optimal bank loan and usually will require clients to be debt free for at least 1 year before they grant you max loan.

It will be best to speak to my experienced bankers before we proceed forward. I dont wish to put you in the situation that you dont have a place to stay.

Furthermore it will be best i do a detailed financial calculation for you to see how much sales proceeds you can receive from the sale and after settling the debts. Without sufficient finances, upgrading could be a problem.

May I know how can my bankers get in touch with you?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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