5 Answers

Ivan Ng
Hi,

Yes if you wish to take a lesser loan, it can be worked out so long as your current downpayment is sufficient and max loan attainable is enough. Thanks and may I understand your requirements and details further so as to further assist?

Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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  • CC
    Can u explain more on what you mean by "so long as your current downpayment is sufficient and max loan attainable is enough"? This is pertaining to what?


    Thanks
YT Tan (陈永达)
Good morning buyer,

it's difficult to predict how much can you fetch for your HDB in resale market 3 years down the road.

If you are thinking of obtaining lesser loan for your purchase, you might want to purchase a lesser quantum property or fork out more in your downpayment.

But do take note you have to fulfil minimum occupation period first before being eligible to purchase a private property. You will be subject to additional buyer's stamp duty as well.

Probably you can share more information on your finances with me so I can draft out a financial calculation to give you a guide what will your budget be like.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.tan@propertyavenue.com.sg
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

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D. Kumar
Hi,

It might be best to have a draft financial cash flow plan and purchase timeline illustrated to have a clearer understanding. Please do get in touch so that I can assist comprehensively and value add your understanding.

You can always look this discussion up as an interactive means of obtaining progressional advise with regards to your priced asset and having your concerns & questions cleared in the most efficient manner. Look forward to your reply!

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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  • CC
    Thanks.If I go for a new condo that needs to take another few years to develop before its TOP and my plan is to sell off my HDB to fund the condo so that I can take a lesser loan, is there any ways for the financing to take into considerations of the above upfront/now and allow me to take a lesser loan without having to sell off my Hdb first since I need to stay in there for the next few years before the condo is ready?

    In summary, if the condo cost $1m and my Hdb worth $0.4m, can I use this $0.4m to offset the $1m and take a $0.6m loan today but don't require me to sell off my Hdb yet since i still need to stay in it for a few years? Got such a scheme?

    My concern is if the above is not allowable, it would mean I have to fork out whatever down payment I can fork today from my pocket, with the remaining to be loan from bank. Then when I sell off the Hdb, I will get back the returns in cash/cpf, which I thought it would be ideal if I can use these "returns" upfront now.
YT Tan (陈永达)
Good morning buyer,

There's no such scheme available. It seems like you have to sell off your current HDB and rent a place while waiting for new condo to TOP if you want to purchase an ideal place and obtain a lower quantum loan.

Hope my explanation helps!

How can I assist you with your property sale and purchase?

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.tan@propertyavenue.com.sg
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

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Belinda Zhao
Can i understand what's your concern of not taking the max loan?
As you are purchasing new launch property, the payment is progressive according to the construction stage. Meaning, you only need to pay 1st 20% down payment plus stamp duty now. You loan servicing amount starts from a few hundred dollars (10%) and gradually increase to 55% loan by TOP. And after which you can sell off your HDB and use the sales proceed to reduce the loan amount further.

Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.

Warmest regards
Belinda Zhao
Senior Marketing Consultant
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile: (65) 9628 0661
Email: belindazhao1@gmail.com
Property Listings :http://www.findnewlaunchsg.com/ Read More

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