Good morning buyer,
Do take note that you are only take up to 80% bank loan to finance your property. Different loan packages have different terms and conditions so do let my banker/s advise you on that.
As for CPF OA funds usage, you can use all to finance the purchase.
Initial outlay that you will need if you are able to obtain 80% bank loan:
1) 5% cash downpayment
2) 15% CPF OA funds or cash downpayment
3) estimated 3% buyer's stamp duty
4) $2.5k legal fees
5) $500 stamp duty for mortgage
6) other misc fees
Hope my explanation helps!
If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!
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.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg
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