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Hi Gurus, I'm looking at 2Brm+S with a budget of 850K. I owned a hdb (with existing mortgage)so how much can I loan with my mentioned price and what's the max period with the latest rules. Btw am 42yo. Thanks.
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2 Answers

YT Tan (陈永达)
Replied
Morning Bert,

If you have an existing housing loan at the moment, bank will loan you up to 60% ($510k) provided the loan tenure does not exceed the retirement age of 65 years old (22 to 23 years more for you).

If you take up any loan tenure that will exceeds the 65 years old retirement age, your loan percentage will fall to up to 40%.

Hope it helps!

Warmest Regards,
YT TAN
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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Geryl Lim
Replied
Hi Bert,

This is pretty interesting. Just like my fellow professionals have pointed about the loan limit and tenor, I am curious how did the $850k budget come about since you are unsure about the loan details and eligibility. Do you need someone who is in this industry to assist you plan out better?

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg Read More
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