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Hi Gurus, we are married sc, we have another 6 more years of car loan.If we pay the bank in full to clear our car loan first and then apply for bank home loan,will there be a very big difference with the approved amount?if yes, roughly around how much?please advise.
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3 Answers

Hi

Yes there would be a different in terms of loan and it also include credit card as well as credit card bill. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

It is best to speak to a banker on this as there are other factors that need to take into consideration such as both your income level, age and how much are the both of you currently leveraged such as the car loan or perhaps another mortgage loan?

Instead of paying up your car loan, there are also other means of increasing the loan amount using via asset under management such as pledging your shares, fixed deposit etc.

I have a panel of bankers which I work very closely to help my clients to afford the dream home they desire.

Do drop me a note and we could discuss further on the above.

Best regards,
Jeron Lee | ERA
Mobile/WhatsApp: 90015060  Read More
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Dear sir/madam,

It would definitely make a difference for the bank loan quantum you will be eligible for, however, the best person to speak to in this scenario would have to be a banker as it is out of our profession to give advise on home loans. If you need assistance in getting in touch with a banker, perhaps then I maybe able to put you through to the panel of bankers which I have contacts with.

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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