5 Answers

askguru expert
Hi Anonymous, thanks for writing to us on AskGuru.

Our advice is to fully pay down the loan for your HDB flat first. This would enable you to borrow up to 75% for your next property purchase (condo) while your downpayment would also be lower.

Hope this answers your question.

Best Regards,

Team PropertyGuru
Ivan Ng
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
D. Kumar
Hi there,

Please feel free to contact me at 96659926 for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner over your financial matters. It's a great time to enter the market, in view of the current sentiment, with developers/owners selling at attractive prices!

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free! Furthermore, since you are not liable to pay my any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
dkumar@era.com.sg

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers
Eric 李清海 Lee
be prepared for 50%
Make an Appointment with Eric Lee OT-93866226
www.b1b2.info
www.cobrokesystem.info
2015 - 1st RES To Transact 1st Maiden Unit-Vision Exchange
2014 - Overall Top Sales Achiever-Vision Exchange
2014 - 1st Position Champion-Vision Exchange
2014 - Overall Top Rookie Producer V3 Group Orangetee
2014 - 1st Position November - Top Team Associate Director
Mike Tay
Hi Sir/Mdm

If you can, you should pay off the existing mortgage of your HDB immediately so that you can have better leverage for the condo.

Without existing mortgage for 2nd property,
5% cash portion (booking fee)
15% cash/cpf (within 8 weeks).
80% of bank loan

Stamp duty: 3%-$5400
ABSD: 7% (refundable if you sell off HDB within 6 mths from TOP subject to certain conditions)

With existing mortgage for 2nd property,
5% booking fee
15% cpf/cash within 8 weeks
50% bank loan, Cash portion minimum 25%, rest can be CPF if conditions fulfilled.

Stamp duty: 3%-$5400
ABSD: 7% (refundable if you sell off HDB within 6 mths from TOP subject to certain conditions)

Do call/sms for a no obligation discussion at 97455178.

Thanks & regards,

Mike Tay
EMBA, B.Sc

M: 97455178
E: mike@bestnewlaunches.com
W: http://bestnewlaunches.com/
A: https://itunes.apple.com/sg/app/property-toolkit-free/id897824316?mt=8

Huttons Asia Pte Ltd
L3008899K