Hi,
1) According to a preliminary TDSR assessment, you can loan up to around $600k.
2) However, with $20k cash using as a 5% downpayment, the highest budget you can look for is only around $400k.
3) Assuming including your 12 months' contribution with interest, properly around $84k. This sum merely meets 20% of the $400k budget, with a bit of access for your buyer stamp duty and legal fees.
4) Looking at current private condo pricing, a $400k budget is insufficient for you to consider a private condo.
5) It is more realistic to consider an HDB flat to start with.
Hope the above answer to your main concerns, but if there are more query, 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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