WENHAN :)
Possible Solutions:
Personal Loan: While possible, a personal loan typically has higher interest rates compared to HDB loans. This could significantly increase your monthly payments and financial burden. It might also affect your Total Debt Servicing Ratio (TDSR) when applying for the HDB loan, potentially impacting your eligible loan amount.
Alternative Options:
Wait for BTO: Consider applying for a Build-To-Order (BTO) flat under the Foreign Spouse Scheme. While there might be a wait of 3-4 years for completion after the application, BTO flats are generally more affordable than resale flats.
Save More: Focus on saving additional funds in the next few years to increase your down payment and reduce the loan amount needed.
Explore Grants: Research any other grants you might be eligible for, such as the Proximity Housing Grant (PHG) if buying near your spouse's family.
Recommendation: Speak with an HDB officer or a licensed financial advisor to explore all your options and choose the most suitable path for your financial situation. They can assess your eligibility for grants and calculate the affordability of a BTO flat or a resale flat with a personal loan.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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