Good evening Sir,
I am afraid to inform you that you will have to be included in the property purchase in order to use your income in the loan assessment.
Do take note that if you choose to do so, full impact of cooling measures will be applicable such as:
1) at least 12% ABSD as Singaporean
2) set aside basic retirement sum of $85.5k in CPF OA + SA first before can use excess CPF OA funds in second property if you have utilised in existing property
3) eligible up to max 45% bank loan if you have existing mortgage loan.
Hope my sharing aids in clearing your enquiry.
By the way, why do you guys intend to do so? Is your wife working?
I have experience assisting clients to build their property portfolio from one to two. They are able to enjoy tax savings, utilise maximum CPF OA funds and take up max loan. Will you be keen to find out more?
Even your wife is not working. There is an alternative solution as well.
Perhaps we can meet up over the weekends or next week to discuss and explore further.
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"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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Top Individual Producer July 2018 (Propnex)
Top Individual Producer 2nd Quarter 2018 (Propnex)
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Top Individual Producer Propnex Annual Convention 2018 (Propnex)
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Top Individual Producer 2nd Quarter 2017 (Propnex)
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