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Good morning buyer,

Great hearing from you!

As you don't have any outstanding loan, you will be eligible to loan up to max 80% bank loan for your second residential property purchase. But do take note that you will still be subject to total debt servicing, age, income, debt etc for the loan.

Another thing to take note: if you have utilized CPF OA funds in your current unit, you have to set aside a minimum sum of $77.5k in your CPF OA+SA before you can use the excess for this purchase.

Hope my explanation helps.

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More

Morning,

Since your current unit have being fully paid, you will be eligible for max of 80% loan. Do note that you will be affected by the CPF minimum sum requirement if you have utilized CPF for your first unit.

Do contact me for further discussion.

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

Hi,

Since you have no outstanding loan, your bank loan for 2nd residential can be for a max 80%. However, you need to be an SC and have met MOP so to keep both hdb and condo.

Further, you will be affected by ABSD, and need to maintain 77.5K each in each of your CPF before any excess can be used for funding 2nd property. Thanks and may I understand your housing plans further before value-adding?

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Hi,

From the initial understanding,80% bank loan may not be an issue. However, we could need to discuss further for greater clarity on your finances.

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In any case, 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, for me to very comprehensively chart out your financial calculations flow and for us to explore the available options and alternative.

Rest assured, 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. Furthermore, since you are not liable to pay any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

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D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
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2014 ERA Asia-Pacific Business Conference Elite Award

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Hi, you are eligible for 80% loan on your 2nd property as you have cleared the loan for the 1st property. Would you like to know the estimated bank loan quantum? Please drop me an email for me to assist on the loan and share the project for investment.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More