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Home Financing

Asked by Anonymous 15 Jul 2013

Hi we are 35 yrs old,sold our 5 room flat already,we are married, both singapore citizen.Our total income is 4k.First timer,Are we able to get enough bank loan to purchase a 3 bedroom new ec?

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Mike Lim · Answer 1 · 2013-07-15T13:06:47+08:00

Mike Lim

Replied 15 Jul 2013

Afternoon,

Upon the sales of your 5 room flat, there should be cash profit and CPF returns. Depending on the price of your purchase, you might well is financially equipped for one.

FYI
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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Ally Chin · Answer 2 · 2013-07-17T00:28:35+08:00

Ally Chin

Replied 17 Jul 2013

Hi Anonymous

Thanks your question.

It would be advisable to clear from the bank the loanable amount for your next flat.

Should you have cash proceeds from the 5 room flat's selling then it will comes in handy in reducing the loan for your new flat. =)

Should I can be of further assistance pls feel free to contact me.

Regards
Ally Chin
Associate Team Director
CEA No. R010439Z
Propnex Realty P/L
M: 81122213
E: cwsally@yahoo.com Read More

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