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I am 40 year old currently staying in a FH condo in district 12. I also have a HDB 5-rm fully paid and currently rented out. I intend to source for another pte condo as the current one is too small for family of 5. Should I clear my mortgage loan so that bank can loan me for buying the new one ?I am able to clear the loan immediately if it is better.
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2 Answers

Sheryn Tan
Replied
Hi Vic, If you are ok with only 60% loan then you don have to clear the mortgage, however if you can clear the mortgage you will be able to obtain 80% loan for the next property.
Do call me if you need to discuss further
Sheryn 91859011  Read More
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Mike Lim
Replied
Morning Vic,

By paying of your current mortgage loan, would you have enough for the downpayment of new mortgage loan? We need to work this out before I can advance on the right route to take.

Regards
Mike Lim
 96929209 
ERA Read More
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