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Morning,

With existing mortgage loan, you can only obtain mad of 50% loan for your second purchase. 25% down payment to be made by cash and balance 25% can be made using CPF, after setting aside the required CPF minimum sum.
However, if you have cleared your current loan, you will be eligible for 80% loan where 5% down payment will be in cash and balance 15% can be made using CPF, again after fulfilling the required CPF minimum sum.

Do contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Good morning buyer,

Great hearing from you!

You can only obtain up to 50% if you still have an outstanding mortgage that will results in 25% cash downpayment and 25% CPF OA cash downpayment.

If you don't have any outstanding loan, you can obtain up to 80% whereas the downpayment will be 5% cash and 15% CPF/ OA funds.

Do take note that you will be subject to 7% additional buyer's stamp duty as a Singaporean and if you have utilized CPF OA funds in your current condo, you have to set aside a minimum sum of $77.5k in your CPF OA + SA.

Hope my explanation helps!

If you need assistance or advice in your property purchase, feel free to contact me. Cheers!

YT Tan
Property Avenue
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner on the financial aspects especially.

Visit my website to view my testimonials & recent awards 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

Hi,
To leverage on the bank loan, suggest to pay off the 10% outstanding so you can get 80% loan for the new condo. Please drop me an email for me to share more.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

If you pay down fully your first loan, thus no more outstanding loan, your loan for your 2nd residential property will be 80% of purchase price instead of 50%.

Besides that, there are also ABSD payable and minimum sum requirements to fulfil. May I have more information before further value-adding to your housing plans?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More