Good evening buyers, FYI, for SPRs to be eligible to purchase resale HDB, they must fulfill SPR status of 3 years respectively. Have you guys? If yes, I will advise you to do an in principle approval with my bankers first so you can gauge how much loan (80%) both of you can obtain. With this IPA, I can better advise you whether you can purchase 3 or 4RM in your preferred cluster in Jurong West. For financing wise, if you are able to obtain a 80% loan, you will have to fork out 5% cash and 15% CPF/ or cash (if shortfall). In addition, because both of you are SPRs, you will be subject to 5% additional buyer's stamp duty on top of estimated 3% buyer's stamp duty. Other costs will be $80 resale submission, $210 valuation report, $3k legal fees, mortgage stamp duty of $500 and agent's commission (1% of purchase price plus 7$ GST). As for CPF component, you can use all your CPF OA funds to pay for your 15% CPF downpayment, BSD and to reduce your housing loan taken. Sure you can use your CPF OA funds to pay your monthly mortgage instalment partially or fully. Hope my explanations help. If you need any assistance in your property purchase, feel free to contact as I am very familiar with this area. Jurong West resident for almost three decades. Cheers! 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
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