AskGuru Q&A Community

Hi Vivian;

For bank loan,they only need your income document ie payslip/income tax return/CPF contribution.If your current employment is less than 3 years,they will need your company letter stating your post and monthly salary.So long as you and your spouse is working,getting a bank loan shouldnt be a problem.Otherwise, you may like to consider getting HDB loan?If you need any help searching for your dream home,do contact me.I have many listings for EA /EM in all areas.I can get my personal mobile banker to advise you with the bank loan as well.Thanks..

Rgds;
Lyna from ERA
 96238442 
lynasong@hotmail.com Read More

Hi Vivian,

The whole process normally will take around 3mths to complete. And I can get my mobile banker to advise you on the financial issue that you are in doubt with.
I would love to help you in your search for your dream home back in Singapore.

Thanks & Regards,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
ERA Read More

Hi,

All you need is proof of income for Bank Loan. I do have some listing for viewing. Problem lies whether if you are okay to view or are you in Singapore already?

You can reach me at 96722265  Read More

Hi Vivian ...

You being a Singaporean means your family is eligible for a HDB purchase but whether your spouse has PR status would determine which scheme your family qualify under.

As for the bank loan issue, it is generally a pre-requisite for buyers to prove steady income (with employment of at least 2-3 years). However, the banks do approve loans based on letter of employment from the employers ... on a case-by-case basis.
On this front, I have a good network with all banks providing housing loans ... & thereby, provide you with the best chance of securing the loan swiftly & smoothly.

Lastly, I'd like to highlight that the S$750k budget you have set qualifies your family for the purchase of an apartment (of the flat type you stated) in the best locations in Singapore. More likely, you may find a HDB apartment to your liking at between $500k to $600k.

More significantly though, there are some key issues I need to discuss further with you:
1) how much CPF funds do you still have in your name ... as this would determine how much cash you need to come up with?
2) how much cash outlay your family can come up with ... since the bank loan can only take care of 80% of the valuation price of the HDB apartment?

As such, I'd appreciate if you could get in touch with me soonest ... for a more detailed discussion. THANKS!!

Wilson Lai
PropNex Realty

+65 81233933 
wilsonlai@propnex.com Read More