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hi, i'm a divorcee age 55. paid for house using bank loan n mostly cash (cpf insufficient)
bank loan still left about $100k. bought at about $200k.

isit possible to relocate with the new rulings on loan base on my age?

how much cash must i prepare? my unit can be sold at about 450k.
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2 Answers

Dear sir/madam,

The information you have provided is insufficient for me to make any advise. Your age would be an issue to obtain housing loan no doubt, therefore it is prudent if you can seek advise from banks on your loan eligibility before deciding on your next move.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
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Dear Adis,

Are you looking to relocate and purchase another unit that will cost more or less? If your next purchase is going to cost lesser, then it will be more comfortable for you financially.

I will need to know your income status, details of current unit, and the details of intended location for next unit so that I can help you do up a very detailed calculation.

Please feel free to contact me to discuss further.

--
Darren Lim
ERA Realty Network Pte Ltd
Mobile: 91443311 
darrenlim.era@gmail.com Read More
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