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Hi,

I believe your finances are very healthy to proceed with the purchase. For a detailed financial planning and a professional, hassle free process for the purchase, how should I get in touch to share more? May I know which project are you keen on and understand your key requirements so as to make better recommendations? Thanks and hope to discuss further and value add.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Happy new year to you, buyer.

Looking at the finances on hand with your annual combined income, I think you are good to go ahead with your property purchase.

If not, it will be better to speak to my banker/s first so he/ she can advise you on your in principle approval (loan amount) and different loan packages.

With the amount in your CPF OA amount, you might want to consider reducing the loan quatnum if you want to.

Do contact me if you need further assistance or advice in your property purchase. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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(W): www.propertyavenue.com.sg Read More

Good day and Thank you for your query.

Please find the estimated cash flow for $1.2mil first property purchase by Singapore Citizen 35 years of age as following:
5% Cash: $60k
15% + BSD + Legal Fee from CPF OA: $215k
*If both PR, add 5% or $60k more for ABSD

Minimum Salary required for 80% Loan to Value with $1.5k monthly car loan repayment: $9,700 monthly
*The estimated salary required will increase if age of borrower is older than 35 years old and the loan tenure preferred is shorter.

Please do consult with a banker to get Approval In Principal (AIP) before making any purchase decision. Many agents here can recommend tried and trusted bankers and the required documents can be submitted via email for bankers to process the AIP within 2-3 working days.

You may like to know that private property buyers do not need to pay commission to agents to secure their desired units. Hence, it is highly recommended to engage one you are most comfortable with to have access to huge database, resources and ensure smooth buying process.

As we do not get prompted when you respond here, kindly contact us directly should you require additional information.

Thank you and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
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Hi
As below stated by fellow agents, I would advise to get my bankers to help you get a ipa first. From the in-principle approval, I will be able to give you a detailed breakdown on the financials and we will work from there.
Thanks and look forward to hear from you.
My number is 9144 2664 
Tricia Tan
sms/watsapp/ 91442664  Read More

Hi,

Your finances look promising to getting you your maximum 80% loan. Go get the exact figure, you would have to speak to a banker. Do u have a banker in mind or I could refer you to have an IPA done at no fee. With your loan quantum and exact finances, I could draft out the financial compitstions and progressive payment with timeline to illustrate the exact payment details. Following that, we could focus on the properties in line with your requirements, preferences and finances.

I will walk you through the entire process from shortlisting the unit, to proposing unit layouts, establishing financial / loan technicalities, admin and legal matters and beyond. Furthermore, there is no agent fees involved. Do contact me for a non obligatory discussion to walk you through this procedure step by step , with utmost professionalism. Do visit my website for my latest awards and testimonials @ www.kumarrai.com. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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Hi,
Basing on your statement, there shouldn't be a problem for you to get 80% housing loan. However, the best and better person to confirm this would be the banker. Normally before buying a house, I will recommend my buyer a banker for him to assess on the buyer's financial situation. The buyer will also able to get an In-Principal-Approval (IPA) from the banker, which more or less a secured loan amount from the banker which the bank can loan you for your house purchase.
This will leave you with no worry during the house searching, knowing for sure you already have in mind your loan amount. Let me know if you need any assistance or help, I can arrange a banker to contact you. Feel free to call me or write to me if you have any questions. I would be glad to help you as well in your new house searching.

Kind Regards
J.A.Goh
ERA Branch Division Director
HP: 96390350 
Email: gohja@singnet.com.sg Read More

Dear prospective buyer,

I would say that to be in better position on assessment of your financial health for making a real estate purchase, you should speak to the banker direct since they are the professionals in this domain. If you are unsure of the interest rates and packages for various banks, you may wish to speak to a mortgage broker for advise as they have updated information on the loan packages and rates.

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Regards,

Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Hi,

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We have a pool of experienced bankers whom can advise on your loan package.

Call us now, we can explore further in detail.

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