Hi Chin Chun,
First of all, you have to decide whether you will wish to get a loan from HDB or Banks.
If from HDB -
- Apply Housing Loan Eligibility ( HLE ) online via HDB website and within 2 weeks you will be notify by letter on the maximum loan amount that you are eligible to loan. You can borrow up to 90% of the valuation price for the flat you are purchasing.
If from bank -
- Contact a mortgage banker to know your In Principle Approval ( IPA ). Meaning the banker will let you know the estimated amount you can borrow based on your current income should you purchase a flat. IPA will normally take approximately a day or two. You can borrow up to 80% of the valuation price for the flat you are purchasing.
Eddie Ng
PropNex Realty Pte Ltd
Hotline :
97606502
Email : idealhome77@yahoo.com.sg
Website : www.eddiengks.com
*For most of us, buying a home is the biggest single purchase of our life, and selling it is one of the most significant event. It often makes sense to hire a professional real estate agent to assist you*
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