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Hi, I have sold my private walkup and made some money. I have a loan from hdb for a 5 rm flat,another 24 years to go (initially loaned 280K for a stretch of 30 years) where i need to pay 1150 for the loan per month. If i want to buy a condo and have 400k cash and 100K cpf, and the total hsehold income is 5500k per month, will the bank loan me money if i want to purchase a 950K condo?? Thanks!
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2 Answers

William Koh
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HI Yun Ching,

Banker will be the best person to advice you on this.
Please do contact me, and I will get my mobile banker to help you.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
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Mike Lim
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Morning Yun Ching,

From your figures, things should be fine but that's not how the bank works. They need to work based on your credit and income status, alongside with your current age and liabilities, before they decide how much to disperse to you for the upcoming purchase.

Do feel free to contact me if you require assistance from my banker.

Regards
Mike Lim
 96929209 
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