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hi gurus , my husband & I own a HDB resale flat & also a condo . we are thinking of investing in another property . We have no outstanding loan for the 2 property but my income now is only 3800 mthly age 39 while my husband is already retired . May I know will i be able to get any bank loan if we purchase a 3rd property of about 1 mil dollar ?
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2 Answers

Geryl Lim
Replied
Dear curious,

You may approach the bank to check eligibility for loan, however, do take note that you will be liable for additional buyer stamp duty for your 3rd property, regardless if you have already fully paid for your existing property.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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Mike Lim
Replied
Morning,

With your current income status, putting aside your credit record, it's unlikely that you will get mortgage loan of more than $400k, unless you use your private property as collateral. As to how much the bank can really disperse to you, it's at the will of the individual banks. The issue would also be: How much do you need for the purchase and have you included all the relevant expenses, ie: ABSD?

Regards
Mike Lim
 96929209 
ERA Read More
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