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Hi there, based on MSR, I believe I'm not going to get a very high loan from the banks if my monthly household income is only $4,500. But I do possess a BTO flat right at Buangkok MRT fully paid (no outstanding loans) and MOP fulfilled. Is there any likelihood where I can upgrade to an EC priced at $850,000 considering I have the means to pay the 20% down-payment?
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2 Answers

YT Tan (陈永达)
Good afternoon, Why not let my banker advise you on your in principle approval to gauge how much can you loan from bank? Hope to hear from you soon. Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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As most of my fellow professionals have recommended you to speak to a banker, that will perhaps be the only way out to find out the financial aspects for your intentions to upgrade. Otherwise we will only be speculating without results and will not get anywhere. Most of the salesperson have the contacts for a panel of bankers who are experienced in assisting clients like yourself looking to upgrade therefore you may wish to speak to 1 of these contacts? Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565 Email:  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** We have successfully concluded our Landed Homes Sales Exhibition on 22/23 February 2014. Huge thanks to our clients, we managed 3 transactions and 5 listings, registering more than 100 guests for the event.  If you are looking to buy a landed home or looking for a landed home buyer, we have the solutions for you. Royal Wharf, London.  A new prime waterfront township in central London awaits your attention.  An excellent opportunity for investment in an ideal location on the River Thames in central London.  Register your interest as soon as possible for your exclusive invitation to our exclusive event. https://www.facebook.com/media/set/?set=a.372619176213358.1073741861.284747148333895&type=1 Interested in other international projects?  We have MORE opportunities for you.  From neighbouring Malaysia to Philippines, Australia, France and US, we have these great opportunities for your investment.  Call us to find out MORE! Read More
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