Asked by j***@gmail.com
How much for down-payment? What else should be taken up for consideration?
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3 Answers
Hi Sir
Your question is quite unclear. Do contact me at 93375051 and I will try my best to assist.
Regards
Mohammad Taufik Bin Hussein
CEA Reg No: R061607B
Contact No: 93375051
ERA Realty Network Pte Ltd Read More
Your question is quite unclear. Do contact me at 93375051 and I will try my best to assist.
Regards
Mohammad Taufik Bin Hussein
CEA Reg No: R061607B
Contact No: 93375051
ERA Realty Network Pte Ltd Read More
Good evening Sir/ Mdm,
it will depends which loan are you taking for HDB purchase.
10% downpayment can be fully by CPF if you take up HDB loan.
25% downpayment (min 5% cash, balance cpf/ cash) if you take bank loan.
Other costs:
- stamp duty
- legal fee
- valuation fee
- resale application fee
- agent's commission
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
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To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
it will depends which loan are you taking for HDB purchase.
10% downpayment can be fully by CPF if you take up HDB loan.
25% downpayment (min 5% cash, balance cpf/ cash) if you take bank loan.
Other costs:
- stamp duty
- legal fee
- valuation fee
- resale application fee
- agent's commission
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
Hi,
1) Loan from HDB and bank has a different amount of down payment.
(a) HDB Loan: min 10% down payment, max 90% LTV
(b) Bank loan: min 25% down payment; 5% must be in cash, 20% can be CPF and/or cash, max 75% LTV
2) Your option fees + exercise fees (max $5,000) will form part of your down payment in the purchase.
3) You should also calculate the stamp duty and legal fees needed.
4) Stamp duty is ~3% of the purchase price, legal fees are around $1.5k, and can be more if the purchase price is high. The rest are small amounts compared to the purchase.
5) You might want to take a look at this link regarding cost and fees:
https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/financing/costs-and-fees
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) Loan from HDB and bank has a different amount of down payment.
(a) HDB Loan: min 10% down payment, max 90% LTV
(b) Bank loan: min 25% down payment; 5% must be in cash, 20% can be CPF and/or cash, max 75% LTV
2) Your option fees + exercise fees (max $5,000) will form part of your down payment in the purchase.
3) You should also calculate the stamp duty and legal fees needed.
4) Stamp duty is ~3% of the purchase price, legal fees are around $1.5k, and can be more if the purchase price is high. The rest are small amounts compared to the purchase.
5) You might want to take a look at this link regarding cost and fees:
https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/financing/costs-and-fees
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
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