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Hi. My partner (SC) and I'm (LTVP) my partner are 55 above , we are looking for open market resale house 4 rooms. and we can get loan from HDB or any bank ?any professional know this kind on issue ? Thanks
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8 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it is possible and only your partner could obtain loan as he is a local and up to the age of 65.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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YT Tan (陈永达)
Good afternoon,

both of you will have to purchase non citizen spouse scheme in which only your SC partner's income and age will be taken into consideration for loan assessment.

Loan tenure is usually cap at lower of 25 years or up to retirement age of 65 years old. You guys might have to apply HLE or speak to my banker to see how much loan are you guys eligible for.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Good afternoon,

Yes you can purchase under non-citizen spouse scheme. The maximum loan tenure will be up to the age of 75, and also depends on your income, credit score and any other loans. To confirm the loan amount you may want to apply HLE with HDB or to speak to my banker who can assist to give you an indication.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him.

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Before contacting Ivan Ng, our Property Realtor, we were quite apprehensive about our Contra-deal ( concurrent resale & purchase of HDB flats) as at that time the outlook of the resale property market was quite sluggish & pessimistic. But surprisingly our property realtor, Ivan , was able to put us at ease with his professional competence, astute work experience & friendly nature . He was able to consummate our contra-deal within one month of our HDB application. Now we are convinced by his promise that (in Ivan's own words) ... "A contra-deal is where the sale & purchase transactions are done concurrently and completed on the same day. This results in a seamless transition of the funds from your sale proceeds and CPF proceeds towards your purchase price." More importantly Ivan has also managed to clinch a good deal for our contra-deal. We'll certainly recommend him to our kins & friends. Thank you very much, Ivan. We are definitely your satisfied customers! Read More
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Wimal W Amarasuriya
Yes, you can get a housing loan from HDB or a bank to finance the purchase of an open market resale house. However, the eligibility criteria and loan terms may differ between HDB and the banks.

For HDB loans, you must meet the eligibility criteria for purchasing an HDB flat, which includes being a Singapore Citizen or a Permanent Resident, and fulfilling other requirements such as the age, income, and ownership of other properties. The loan amount is also subject to various factors such as your age, income, and loan repayment period.

For bank loans, you must meet the eligibility criteria set by the banks, which may vary between banks. The loan amount, interest rates, and loan tenure may also differ between banks.

You may want to compare the loan terms, interest rates, and fees from both HDB and banks to determine which loan option is more suitable for you.

If you have registered Intent to Buy with HDB, you should apply for a HLE too. This way you will know if you are eligible.

Also, I can get you in touch with mortgage broker who can do all the necessary to check your bank loan eligibility and best rates.

I am available for a chat this Sunday afternoon or evening. Do get in touch so that you have all available information and knowledge to make a decision.

Wimal WA
PropNex Pte Ltd.
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Robbie Chen Chee Howe
Hi,

Yes, it is possible if you are still drawing an income. Do take note that you will be the sole owner of the flat, and the mortgage loan will also be under your sole name.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Your partner must speak to the bank or apply for HLE to find out on loan eligibility. If need to speak to a banker, feel free to let me know.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Hi,

1) For your situation, you can only buy under Non-Citizen Spouse Scheme.
2) And only your partner's salary will be assessed on how much loan he can get.
3) Only your partner can be the owner of the HDB flat. You as a foreigner can only be listed as an essential occupier.
4) Your partner can either get a loan from the HDB if he did not fully utilize the facility twice in his lifetime.
5) Otherwise he will have to approach a private bank to get an IPA to understand his financial position.
6) Since he is above 55 yrs, the maximum tenure will be short; ~9 yrs.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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