Hi,
Assume you have no other loan obligations and a fixed income of $10,000/month, you should be able to obtain a loan of up to $1.2M meaning you could look at property up to $1.5M based on 80% financing.
Assume purchase price of $1M and $800K loan over 25 years, the monthly instalment is approx $3200 which you will be able to utilise your CPF in the ordinary account and top up the balance in cash if needed.
Best regards,
Jeron Lee | PropNex
Mobile/WhatsApp:
+65-90015060
Email: jeronlee@gmail.com
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