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Hi there, I am planning to buy a second property (condo) which will be ready in 2019. The loan for my HDB will fully paid up by end of next year. How much down payment do I have to pay if I were to buy the condo now?
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3 Answers

Hi,

It is more in your favor to pay down the loan first so you can loan up to 80% for your next property loan (since you will have no outstanding loan by then). Thereafter your downpayment will also be lower.

Which condo has caught your eye at the moment? Will be glad to analyze the pros and cons of the project, as well as explore the financing breakdown for you. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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  • EG
    Thanks for your advice. If I were to clear my HDB loan now, how much do I have to pay for the downpayment for the condo? (plus stamp duty etc??) Basis 1.2 million for 25 years loan, may I know what the estimated installment is monthly.
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