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2 Answers

William Koh
Replied
Good Morning James,

Beside the 5%, you still need to take note on the COV (cash) too.

Feel free to contact me if you need any help.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
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Mike Lim
Replied
Morning James,

If the bank grant you 80% loan, 5% must be paid in cash, and the remaining 15% will have to be paid using CPF / CPF + Cash / Cash.
Depending on how much CPF you have, you still need to factor in the legal and stamp fees. Not forgetting the COV involved, within the purchase. And salesperson commission, if you are getting one to represent you.

FYI
Mike Lim
 96929209 
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  • JL
    Replied
    Hi Mike,

    If I do not take 80% loan, will I still need to pay the 5%? The 5% cash, is it from the purchase price?

    Please advise.
    James

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