Is it possible to finance 95% of a property using our CPF? i.e getting a bank loan for a property but using a majority of our CPF to finance? Thanks
The cash portion:
1st mortgage is 5% and 3%-5400 for stamp duty.
2nd mortgage is 10% and 3%-5400 for stamp duty for Singaporean. No ABSD.
The loan portion:
1st mortgage is max 80% loan.
2nd mortgage is max 60% loan.
You can seek reimbursement from your CPF account if you are using CPF for property payment.
You can try new EC if you gross income is below 12,000. Alternatively, your next available choices would be resale flat or condo.
Do call me at (65)-9745-5178 or email email@example.com if I can assist you in your buying.
Thks & regards,
Mike Tay (郑树荣)
B.Sc. (NUS), EMBA (SUNY)
M: +65 97455178
HSR International Realtors Pte Ltd
Estate Agent Reg No: L3002226G Read More
Hi Mike, thanks for your response. Will keep your contact to discuss property options in future.
I am JOANNE from HUTTONS PROPERTY,
My company specialises in new launch projects,
But if you prefer resale homes,
I can assist you in buying too ,
No commission chargeable for private properties,
Only 1 per cent chargeable for buying resale HDB properties.
In addition, i provide FREE value add ad-hoc courier services, as my family is in the travel business .
HP 8333 3327.
CHIA_JOANNE@YAHOO.COM.SG Read More