AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I am currently unemployed and am awaiting key collection for my BTO flat. I understand that I need to show proof of income for the HLE loan that was granted previously. Would they accept if I show them that i have savings to pay the mortgage for the next few yrs?
0 •
1049 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Evening,

Mortgage are calculated based on your income status and credit record. It have nothing to do with how much saving you have. If your income status have decreased, it will hence reduce the loan amount eligible to you. With this, you might be required to top up with more CPF or cash.

FYI
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions