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Hi, i want to invest in a condo. I just wonder if i can have 100% loan on the condo value? Or 90% in 1 bank and 10% in another bank? Currently i owns a 4rm Hdb. Can anyone help truthfully? Thanks
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3 Answers

Hi MR Saduruddin..

For all types of property in Singapore,the max loan you can get from bank is 80%(subjected to approval by bank).You will still need to come up with the 5% downpayment in CASH and the remainder 15% either in CASH/CPF..You cant mortgage your property to 2 different banks like what you have mentioned earlier 90% in 1 bank and 10% loan from another bank.Need any more clarification please do not hesitate to contact me.Thanks

Rgds;
Lyna from ERA
lynasong@hotmail.com
www.lynasong.myweb.sg Read More
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Hi Sir,

The best alternative would be to do refinancing from bank to support both.
However, this is only applicable if you own private housing and HDB cannot used as a mortgage collateral in the new rules.

However, if you need any other form of financial calculation, please feel free to contact me and I can help you come up with a solution if possible.

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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what is your reason to buy ..invest means rental yield, capital gain..?
check this site
www.catherinepang.com Read More
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