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Home Financing

Asked by Damien Gerard Chew 1 Nov 2011

I bought my place for 500k. I paid up in 5yrs. It is now 1.2M. How do I take a loan against this property to finance a second property?

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William Koh · Answer 1 · 2011-11-01T10:28:25+08:00

William Koh

Replied 1 Nov 2011

Morning Damien,

The loan will be based on the value of the property that you are going to finance.

Appreciate if you can provide me with your contact no, so that I can get my mobile banker to advice you further.

Cheers,
William Koh
9027 1972
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
ERA Read More

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Ken Tan · Answer 2 · 2011-11-01T11:01:59+08:00

Ken Tan

Replied 1 Nov 2011

Hi Damien,

Assuming that you know what your risk are stretching your loan limit and you are financially stable enough to do so.

You can still refinance your current property and use that money to finance another place at 60%. If you are looking at how you can take a second loan for 80%, you would have to contact me.

Cheers,

Ken Tan
96461490
Huttons

more info, go to www.96461490.com Read More

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