3 Answers
Yes, you can buy your 2nd condo, but since you still have outstanding loan, bank will only loan you 60% for your next property.
If assuming your next investment property is a 1-BR unit at $500K, bank only loan you $300K. Your min. cash upfront must be 10%, $50K. The other 30% from your CPF or Cash or combined.
So looking at your est. cash amt of only $70K, you have to go for Studio or 1-BR unit as investment.
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