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Hi there,

At 50 years old, it is still possible to get a loan. If you want to get the full Loan To Value (LTV) of 75%, the maximum age that you can service the loan is up to 65 years old, therefore the max loan tenure is 15 years.
If you want to extend the repayment of loan beyond 65 years old, the LTV will be 55% and the minimum cash down payment is 10%.

Understand that you own a overseas property. ABSD is only applicable to Singapore properties and therefore your overseas property will not be taken into account.
Also, may i know if your loan for the overseas property is taken with a local bank?

Hopefully this answers your question. I would be most glad to assist you further in planning of your property down the road. Feel free to reach out to me for a non obligatory discussion.

Regards,
Chua Lian Cheng
 9369 2946 
Lianchengchua@gmail.com

IG: https://www.instagram.com/homewith_lc/
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Hi,

1) The loan amount reduces as per you aged.
2) The loan amount reduced ~$50k in each yr nearer to age 50 and reduced further to ~$60k from 51 to 55 if all the other conditions remained unchanged.
3) Of course the loan tenure will be reduced accordingly when the current loan of max. up to 75% is up till 65 yrs old.
4) The fact is your loan amount will be kept to 45% while having an existing loan.
5) Bank can allow a loan to extend till 75 yrs old subject to approval. The loan amount will be reduced by another 20%.
6) The ABSD only takes local residential property count.
7) TDSR is taking active income, age, monthly expenses including existing mortgage to tabulate the loan amount and tenure.

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

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Hi,

Whether you can take a loan would also depend on your income too. As a 50-year-old, you can take up a maximum 25 years loan tenure, up till age 75, provided you downpayment at least 45% of the property.

Based on the figures you provided, it may be possible for you to do that, as you would not be taking more than 50% loan for the landed house purchase.

Overseas properties are not counted for ABSD. As for TDSR, it depends on where the loans were taken. If the loan is in Singapore, then it will work towards TDSR too.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More