AskGuru Q&A Community

Hi

Rental income is consider variable income. So calculation of example sgd1000 only 70% will be considered which equate to sgd700.

Out of this sgd700 only 60% can be use for housing.

This is to ensure you are able to service the loan and able to sustain.

If you need further clarification. Do drop me a line.

Shawn
 90294371 
Shawnchewproperties@gmail.com Read More

Hi

I suggest you speak to your banker to understand more. As they will be in a better position to explain to you in details.

Shawn Read More

Dear Sir/Mdm,

A gift from your parents is not taxable. Based on your rental income of 30k and subjected to the TDSR cap of 60%, which is $12,600 per month.

Assuming you take a 30 years loan, you will be able to borrow up to 2.8 mil. Therefore, keeping the quantum of property to below 13 mil would be more ideal as you will also need to factor in the stamp duty costs.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance and advice!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,
There are options for you to move around the fund. Please drop me an email for me to share with you the option. Will explain to you the purchase procedures and the cost involved.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Based on your needs,

you can borrow more than that. you might not need to put in so much money as downpayment.

regards
wilson leong
 96305577 
wilsonleong61@gmail.com Read More

Hi,

Based on the information provide, you may be able to get a loan sufficient to purchase your $15m house.

There are actually ways you can explore, do get in touch with me so that we can also work this out in finer details.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Good day to you! I would be more than happy to assist you in your house searching process.

Feel free to give me a call at 81255537  or email me anytime in order to send you a report on the available properties that suits you. Hope to hear from you soon!

Warmest Regards
Thea 81255537 
thea.hoism@gmail.com Read More