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Hi, I understand that loan tenure can only be up to retirement age of 65. Is this a die hard MAS rule or if I loan less, say only 60% instead of 80%, can I then negotiate for longer loan tenure? I am 40 years old now, by right can only loan 25 years but I would like to try for 30 years.
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3 Answers

Hi buyer,

Yes it's possible to loan for 30 years and have 60%, but do note that downpayment would need to consist of 10% in cash in that instance.

Feel free to contact me, and I'd get my banker to give you an loan assessment first.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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Hi,

Age 65 as a reference is for loans up to 80% max (LTV 80%). Suppose you wish to get a 30 year loan tenure or even 35 year loan tenure (up to 75 years old), its possible but the max LTV is 60%, and cash downpayment is 10%. Also this must also be your 1st residential mortgage loan, And TDSR of 60% must also be met. Thanks and look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Hi
Yes, is possible.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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