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Hi!

Due to the intricate financial nature of your query, I suggest that we should meet up so that I could physically work out the financial cash calculations with progressive payments and breakdown of purchase with exact cash payment timeline.

To add, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond. A comprehensive sales report coupled with live up to date transaction caveats of chosen projects will be provided to validate the best possible deal. You can always look this discussion up as an interactive means of obtaining progressional advise with regards to your priced asset and having your concerns & questions cleared in the most efficient manner. Look forward to your reply!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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Hi,

You may wish to seek an approval-in-principle indicative loan amount from your preferred bank first, before exploring the properties. I can also link you up with my banking partners.

If you are looking at the resale process, the financial timeline is slightly different. Perhaps may I discuss with you further so as to clarify your questions? It shouldnt be an issue the method you have mentioned, just that the loan amount must be sufficient to meet the 80% of purchase prIce. Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,
Why not wait till the fund is ready then give offer? You may even get a better price by then. To understand and assist you in the details, kindly drop me an email for me to advise.

I can be contactable at my mobile or email.

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

Hi Dear Buyer,

Qn 1) My declared income for 2015 is $210,000 SGD, self employed. Roughly, since i am self employed, how much maximum can i get for a 80% loan? I have 0 debts currently

Answer: As a self-employed, you do get affected by a hair-cut of 70% of your declared annual income. Therefore here, we will be looking at $147,000 SGD as your gross income (After 70% Hair-cut). Then there will be a regular Mortgage Servicing Ratio of 60% (MSR), which make it to be $88,200 SGD annually (according to your latest NOA).
The amount from your income you can use to service your property monthly will be: $88,200 SGD/ 12 months = $7,350 SGD
And according to $7,350 SGD monthly, you will able to get a maximum loan of approximately $1.45m plus minus based on 25 years loan.

Qn 2) I saw some resale units selling at 1.5 M

However, i have $0 CPF, but $220 K SGD cash on hand.

Can i perhaps find a unit thats priced at $1.5 Million, and do the following?

$1.5 Mill unit will require a total downpayment of about $351,600 SGD.

But I only have $220 K cash and no cpf.

Can i just pay the stamp duty first and negotiate with the owners to completion of sales to be much later, so i can pay the outstanding of the 15% later?

Am local singaporean, with no other debts car loans, etc

Answer: If you're looking at a new launch property, you will need to pay a 5% deposit and upon the confirmation, you need to pay the rest of 15% within 5 - 8 weeks. Subsequently will be progressive payment for the instalment wise.
If you're looking at a resale property, the norms are, 1% option fees and 4%exercising of the option. And a usual private property transaction takes about 8-12 weeks and the pay the 15% somewhere around the completion. However for some cases, a longer completion date is workable if the other party agrees to it. Hence you can have a longer time to prepare the rest of the 15%.

I have transacted cases before of longer completion dates agreeable on both parties. For your situation, if you want to have a maximum loan, you can get a property up to approximately $1.8m plus minus.

If you have any further enquiries or need a clear financial calculation, you can feel free to contact me at 91919134  (Kylie) or Kyliehtns@gmail.com

I would be please to assist you further in searching for your dream home yet with the highest future and profits potential.

Kylie Chua
Huttons Asia
 91919134 
Kyliehtns@gmail.com
R048368D Read More