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Hi, Need your best advices on my potential purchasing soon. Age - 45 ( Singaporean under Single Name ) CPF OA approx. S$120k Mthly income approx. S$2K 1).Resales 3I model TOP 1986 ( Left +60yrs balance)(VAL $310k) COV - S$0 Bank loan - ? CPF OA - Max (S$120k) Legal/Stamp - by CPF OA 5% downpayment - ? Others - ? Interest - 1.5% Est Mthly - ? Max No. years of loan HDB Loan CPF OA - Max (S$120k) Legal/Stamp - by CPF OA 5% downpayment - ? Others - ? Interest - 2.6% Est Monthly - ? Max no. years of loan 2).Resales 3S model TOP 1967 ( Left -60yrs balance)(VAL $300k) COV - S$0 Bank loan - ? CPF OA - Max (S$120k) Legal/Stamp - by CPF OA 5% downpayment - ? Others - ? Interest - 1.5% Est Mthly - ? Max No. years of loan HDB Loan CPF OA - Max (S$120k) Legal/Stamp - by CPF OA 5% downpayment - ? Others - ? Interest - 2.6% Est Monthly - ? Max no. years of loan Thanks.
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2 Answers

Dear sir, It is out of our reach to advise on the financial aspect but only as a rough gauge which you should not even based on our opinion in this aspect to make any decisions. Speak to a qualified banker or do up your HLE to find out how much are you eligible for in terms of loan and seek advise on the repayment terms to have a better idea on what is comfortable for you. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More
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  • WM
    Thanks and please note that I am eligible on both Bank & HDB loan. However like I have said, an est figures will be highly appreciated.
Morning, Based on your enquiry, I would not know how much bank loan you can get, based on your current income status and credit record. With this missing link, there's no way I can work out the monthly installment amount and how much cash you need. For standard bank loan, it's advisable not to take mortgage more than 60 years of age. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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  • WM
    Please note that I am eligible for both Bank & HDB loan. Like I have said, I just need an est figures to proceed with my purchases. Thanks.

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