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Hi,

In this instance it is best if you speak to your preferred banker to see the maximun financing options available. If need be, I can recommend one and assist with your house search thereafter. Thanks and hope to discuss further.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Good evening Li Wong,

It will best that let my banker advise you on your in principle approval first so you can gauge how much loan you can obtain.

Btw do take note that you are eligible to obtain up to 80% bank loan subject to a max loan tenure of 30 years and Singapore retirement age of 65 years old.

Are you a Singaporean? SPR? or foreigner status?

Due to residency status, you might be subject to additional buyer's stamp duty. This will be on top of the 20% downpayment (5% cash and 15% CPF/ cash), estimated 3% buyer's stamp duty, legal fees, valuation fee, stamp duty for mortgage etc.

Hope to hear from you so we can kickstart your house hunting after my banker's advice.

Cheers!

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

Good evening Mr Wong,

Do take note that as a foreigner, you will be subject to 15% additional buyer's stamp duty thus your initial outlay will be 38% of purchase price as of now. If you turn to SPR, your initial outlay will be 28% of purchase price. Difference will be the ABSD of 5% as SPR and 15% as foreigner.

Can I ask my banker to contact you to advise you on your in principle approval first and we see how it goes from there?

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

Evening Li Wong,

With positive nett worth, you might be able to obtain sufficient loan for the purchase of 3 bedroom condo in SG. Do note that bankers here will require the necessary documents from you. They will also need to assess your credit standing before providing you with the principle of loan approval.
In reference to purchase of condo in SG, you will be liable to pay for Seller stamp duty of 15%, by cash, on top of standard stamp duty and legal fee. Standard 3 bedroom unit will range from $S$900k upwards, depending on the sizing, location and type of unit that you are looking at.

Do feel free to contact me if you require further assistance.

Regards
MIke Lim
 96929209 
m52i@yahoo.com
ERA Read More