AskGuru Q&A Community

Hi,

I assume you have no outstanding home loan at the moment. If you are taking loan tenure for above 20 years, the max loan is only 60%. If up to 20 years, max loan is 80%. Its the new MAS loan financing requirements introduced a few years back.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi,
If you have
- no existing loan OR
- you are redeeming your existing loan before the next purchase OR
- Decoupling out your name under your existing joint loan

you can qualify for 80% and 20 years loan tenure. Otherwise, your loan is only 50% but still 20 years tenure if you have exisiting loan.

Today's Total Debt Servicing Ratio (TDSR) denoted that your qualifying loan amount is to be derived from your Monthly Earning or Annual Earning or Both. It will not be assessed based on property value. Hence, we calculate your loan limit before we ascertain your Purchase Price limit; and thats where you will know if you are able to buy your dream house.

If you need very good bankers to strategise your loan condition, feel free to drop me a note. Market is heating up and its a great foresight if you are looking at properties now.

Cheers to a great day :)

Best Regards
Jerry Phoey
HP: 9630 1615 
Huttons Real Estate Read More

Dear Sir/Mdm,

Due to your current age, you will be eligible for a loan tenure of 20 years and 80% LTV if you do not have other outstanding housing mortgage.

There are quite a number of new rules, regulations and restrictions when purchasing a 2nd property. Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Buddy,

I'd approached it differently even before I look at the LTV etc etc... Reason being that you need to establish your objective 1st. That is critical, else you will just be another byer that plunge right in...

Coffee on me! =)

Sincerely,
Edvan, 84241222  ... Read More

Hi,

If you're looking at 80% LTV, the maximum tenure would be 20 years. If you want to stretch your tenure, you may consider to loan less.

Alternatively, there may be some options that you may consider, depending on your objectives.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

hi

based on the assumption 1st property with no outstanding loan and your current age, max 20 years with 80%, if you want to extend more than 20 years(max extend 30 years), you can only get 60% loan with mandatory 10% cash payment upfront.

hope this assist in your financial planning.

Br
Shawn
 90294371 
ERA Read More