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I am planning to upgrade to a pte condo. Have placed my 4 rm hdb up for sale. Would like to find out if I can buy while waiting to sell?

I have sufficient cash for the 5% down payment and 3% stamp duties but my cpf is not enough for the remaining 15%. Understand that banks offer bridging loans to help with the down payment. Can any gurus help explain how the bridging loan works? Are they able to lend u whatever shortfall you have? Or do they lend u the full 20%? How are the interest rates like and is it worth it to take up such kind of loan?
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4 Answers

Tricia Tan
Replied
Hi. Pls give me a call at 91442664  . I will advise you in details over the phone.
Tricia Tan
 91442664 
www.triciatan.myweb.sg Read More
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Ivan Ng
Replied
Hi,

Since you have put your unit for sale, have you considered consulting your current agent? He should be in the best position to advise according to your circumstances and ensure you have a smooth transition.

If not, I will be glad to assist. In this case, we need to manage the timelines carefully so that you can purchase your private after your sales proceeds from HDB comes back, so that you have the sufficient 15% for cpf downpayment portion. Thanks and may I understand your requirements before further value-adding?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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Mike Lim
Replied
Morning,

I would believe you have engaged an experienced agent to market your unit. Why not seek his assistance then? As he would understand your situation better, better advice can be given.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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D. Kumar
Replied
Hi,

As seen in this case, it's always necessary to engage the knowledge and expertise of a professional to guide you through. It's an one off process. And a rather complex one. Being in the industry for years and having many recent awards and accolades to my name, I am in the position to answer your doubts and render assistance in your purchase (private Property purchase has NO agent fees). I will run you through the financial calculations flow/ progressive payment (based on each year interest)/ loan matters/ recent transaction caveats/ pricing details etc. If you deem me fit, do give me a ring and we'll do a comprehensive discussion!

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More
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