I am prepared to come out with cash already as my HDB loan amount is low, what happen when the vaulation is lower?
Assuming the purchase price is 285k, this is what i have
- HDB loan 130k
- CPF 70k
- Grant 60k
- Cash 25k
What happen if the vaulation is 260k? Do i need to take out extra 25K? My HDB loan is already very low and is not 90% of 260k from my understanding, does the valuation affect me in anyway since i am already prepared to take out cash in the beginning?