AskGuru Q&A Community

Hi Mr Sim,

Yes, I would say your friend gives you a good advice in doing bank assessment first. The reason is to ascertain your maximum loan amount, and henceforth you can plan your purchase. I believe you do not want to waste precious time to view properties that are not within your targeted budget too, right?

Do take note, for PRs, you will need to set aside ABSD of 5% on top of the normal BSD. This amount, together with your bank loan assessment, would give you a clearer idea on the comfortable budget for you to work with.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Sim, by consulting a banker first, you will know what is the maximum price or your budget range. And that is the most important step of all before you start any viewing.

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

Hi Sim

The main reason why you should get an assessment is to ensure that you will be able to get financing for the home.

It also helps you to decide confidently in committing the purchase.

Put it in another way is to have an approval in principle from a bank for a loan.

Should you have other questions or assistance on the purchase, you may call 9620 0827  or write to gavin.ng@orangetee.com.

Gavin Read More

HI. Let me.walk you through the entire transactions. Agent fee are 1%. You may reach me via 91442664  for further discussion.

Tricia Tan 91442664 
GROUP DIRECTOR
Propnex Realty Pte Ltd Read More

Good evening HL,

It will be advisable to get your in principle approval (bank loan) sorted out first to determine your budget so you will have an idea what will be the maximum you can go if you like any specific unit. Do you have any bank preference or why not just apply with the bank with the current lowest rate then review it when you are about to commit to a place.

Hope my sharing is beneficial to your property needs.

May I know how can I value add further?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

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