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Hi.

Yes, you can. If you don't have any adverse credit reports and have been holding onto a steady job, the loan shouldn't be a problem.

You will need to set aside at least 20% cash of the purchase price to factor in things such as option fee, downpayment, stamp duties and renovations etc. More if your cpf is not insufficient.

Kind regards,
William Choo (朱文彬）
Senior Marketing Consultant, 
CEA Reg No: R044093D
Huttons Asia Pte Ltd (License no: L3008899K)
Mobile: 9721 8288 
Web site: www.facebook.com/PropertySGD Read More

Hi Agnes,

Is good that both of you consult a banker to get an IPA (In-principle approval) first. From there, you will be to know how much the bank can loan you and at what budget of condo you can buy.

1st 5% = must be in Cash
Balance 15% = either CPF or Cash or Combine
Stamp Duty 3% - $5,400 = must be in Cash (reimbure later)

Hope the above helps you for a better understanding. Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More