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Hi Gurus, I have a fully paid HDB flat of mkt value about 750K. Is there any way I can get a loan for making the down payment for my 2nd property? Preferably not housing loan as this would mean my down payment needs to be 60% cash. Any ideas?
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2 Answers

William Koh
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Hi,

Since your HDB is fully paid, which mean you doesn't have any mortgage loan, you will be eligible up to max 80% for your next property.

I will be glad to help you on the search of your 2nd property.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBishanCentralCondo.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
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Mike Lim
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Evening,

With your statement, your current unit is fully paid hence your second property will be getting 80% loan. However, with the current ruling, you are not allow to use your HDB unit as collateral. You also need to consider the fact of Additional Buyer's Stamp Duty, as an additional expenses, if you are PR.

FYI
Mike Lim
 96929209 
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