Asked by
Hi, I want to buy a resale condo with 2/3 bedrooms for stay/rent. MY budget not more than S$700K. Please let me know the payment procedure (when i need to pay, how many %), all other fees and so on. Maximum how many % of bank loan I can get? Can I use my cpf to pay monthly installment?
0
2295 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Hi Ripon,

Financial
5% cash only (to be paid as deposit)
15% CPF/cash if your CPF is not enough
3%-$5.4k for stamp duty.
80% will be bank loan (maximum)

As for lawyer fees, you can request for banks to waive. CPF can be used to service loan.

Sequence
1% during option
approach banker + lawyer
4% + stamp duty during exercise

Cheers,

Ken Tan
 96461490 
ken_Tankw@yahoo.com.sg Read More
0
Bala S OrangeTee
Hi,
I would be delighted to have the opportunity to be of service to you
Do give me a call anytime at 92977650  and I will be happy to discuss further with you.
Financial needs:
5% cash only (to be paid as deposit)
15% CPF/cash if your CPF is not enough
3%-$5.4k for stamp duty.
80% will be bank loan (maximum)
Procedures
1% during option
approach banker + lawyer
4% + stamp duty during exercise
Look forward to hearing from you.

Best regards,
Bala@Orange tee
 92977650  Read More
0
Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions