AskGuru Q&A Community

Afternoon,

Yes, as you do not have any existing mortgage under your name, the bank can lend you up 80% of valuation or buying price, whichever is lower. But according to your statement, you already have 95% worth of CPF and only want to loan that 5% from bank. If that's the case, I would say that it cannot be done.

Do feel free to contact me if you require further assistance

Regards
Mike Lim
 96929209 
ERA Read More

Afternoon,

Yes, as you do not have any existing mortgage under your name, the bank can lend you up 80% of valuation or buying price, whichever is lower. But according to your statement, you already have 95% worth of CPF and only want to loan that 5% from bank. If that's the case, I would say that it cannot be done.

Do feel free to contact me if you require further assistance

Regards
Mike Lim
 96929209 
ERA Read More

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More