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Hi

If you still have employment income, it may still be possible to borrow for 8 years with good credit score.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
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Have you already submitted for HFE to know your loan amount?

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

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 15,900 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.

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Happy to support on your home purchase!

I have some options you can consider, and would be glad to work out the finances for you for free, to show you how everything might pan out in terms of monthly payments etc should you decide to move forward.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. Feel free to reach out via my contact below.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Good day to you.

Have you been able to obtain your HFE, or is this the amount needed to complete the purchase? According to the HDB loan calculations, the projected monthly repayment is approximately $3,485, and to comply with the MSR, your monthly income should be around $12,000.

Considering your current age, your CPF OA would have been converted into RA. Are you considering using the surplus from the CPF Minimum Retirement Sum to assist with the purchase?

Let’s arrange a meeting to work towards reaching your goal.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

I assist my clients with -
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Hi,

1) I assume you received your HFE to know that your loan amount is $300k with a loan tenure of 8 years.
2) In general because the maximum loan coverage is 75%, with a granted loan of $300k, your highest purchase could only be $400k. Unless you intend to top up with cash and/or CPF.
3) In current market situation, you might still able to find some flats in Marsiling that meets your budget of below $400k.
4) Do be reminded that you have to be prepared to overhaul the whole unit because usually flat with such asking price would not have a lick of paint for the past 50 years or more.
5) If you have not apply for an HFE, it is recommended to apply for one to understand your eligibility and loan amount available.

All The Best!!!

Hope the above answers 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://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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At 57 years old, the loan tenure will usually be capped quite short, since banks and HDB both consider age when working out repayment period. For a loan of about $300k over 8 years, the monthly instalments will be quite high, so it really depends on your income and CPF usage.

It’s possible, but approval will hinge on your affordability assessment. If you’d like, I can help work out the figures for your specific case. Read More

With an HFE-approved loan of $300k (8-year tenure), you can target flats up to $400k unless topping up with cash/CPF. Applying for an HFE first helps confirm your budget and eligibility.

“Plan for what is difficult while it is easy, do what is great while it is small.” – Sun Tzu
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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