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Hi Gurus,

The loan from HDB and Bank, will it be based on the valuation report or the agree price including COV?

I am under the impression that the loan is only base on valuation, COV has to be paid in cash seperately
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2 Answers

Mike Lim
Replied
Evening,

It's not an impression, it's the actual fact. The purpose of buyers buying the valuation report is to allow the financial institute to disperse out the loan accordingly and to allow CPF board to disperse out your CPF. Thus any figures about valuation are not covered.

FYI.
Mike Lim
 96929209 
ERA Read More
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  • RL
    Replied
    Tks, however the agent % comm is based on the transacted value.
    Then isn't there a gap?
Catherine PANG
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Engage an agent to assist you. You will receive a full explanation of the process before decision. www.catherinepang.com Read More
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