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Hi, I have 100k cash on hand and 270CPF after my 4rm resale proceeds,would I be able to purchase a new condo at 900k ?
Based on tdsr, I have outstanding credit card, and personal loan of about 35k. Car loan is 1k per month.How much estimate can I borrow after paying the min 20% ?
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2 Answers

Ivan Ng
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Hi,

Will be glad to do some calculations but may I know what is your monthly payment obligations for your credit card and personal loan? Will need that to do an estimation of your housing loan based on TDSR requirements.

As for the 20% downpayment it seems like you have no issues, but may I understand have you sold the hdb already? Which condo are you keen on?

Thanks and hope to understand your housing requirements further before value-adding. Hope to have the opportunity to work with you.

Warm regards,
Ivan Ng ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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  • QQ
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    Monthly obligations do you mean the minimum payment sum ? It's quite low but I always paid more than the min sum
YT Tan (陈永达)
Replied
Good morning,

You have no issue in paying for the initial outlay as a Singaporean or SPR based on your finances.

But I will always recommend my clients to apply for in principle approval first so they can gauge how much bank loan can they obtain.

Maybe let my banker advise you on this first?

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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