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Hi Kelly,

Assuming $1.2m as selling price of private property.

1) 5% Cash: $60k
2) 15% Cash/CPF: $$180k
3) Stamp Duty: $30.6k
4) Legal fee usually subsidised by bank.

Currently, you can only loan 80% of valuation price. Based on your age (youngest borrower), can probably loan up to 18yrs.

Since your daughter does not have any income, probably it is not a good idea to include her as the one of the applicant.

I am able to connect you to some bankers whom i work closely with. They are able to advise you on the mortgage loan part. For me, i am able to address your queries on the selling of your EA and buying of the private property.

Appreciate you can call me at 96836230  to discuss. I can provide a complete package for your selling and buying needs.

Thanks,
Ander ERA Read More

Hi Kelly,
You may like to call me at 92700867  for the bankers contact first. So you can compare and acquire the loan details. This will give you better guideline as how much cash you will require to fork out for your pte property.
Cheers,
Tricia Tan Read More