AskGuru Q&A Community

Hi Francis Good day to you. Will be able to advise you once we meet up for a non obligatory discussion as we will need to go through some financial calculations as well as careful planning for your next housing to ensure a smooth transitions. You can also clarify any housing enquiries that you may have. Thanks and Best Regards Ethan Ang Propnex Realty 9769 0125  Read More

Evening Francis, Upon getting 80% loan, the monthly installment will be based on how much CPF and cash you intend to put back into your upcoming purchase. If you are using all the cash and CPF from sales to sustain the purchase, compared to physically taking 80% loan, it would mean a huge difference in the figures. As for whether to take HDB loan or bank loan, that would also be dependent whether you have any intention to keep your profit aside for other investments or simply get the house fully paid for ASAP. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Hi Francis, 1) Monthly instalment depends on how much loan you are taking and whether you are putting any/all cash/cpf proceeds into the next purchase. Maximum loan repayment period is 65 years minus the buyer's age or 25 years, whichever is shorter. 2) If you are taking a second HDB loan for your next purchase, you will need to set aside 50% of your cash proceeds into it. Feel free to contact me if you have further queries. Thank you. Angela Chua Propnex Realty Pte Ltd H/P: 9323 3330  Read More