Hi VT, if you are indicating the equity is a term loan in the form of cash = AUD$100k, then it being cash - yes it can be used to reduce your mortgage.
Transfer costs and money transfer issues aside, I am sure you are aware that there would be FX exchange risks.
However, I believe it is more important to ensure you are financially qualified to buy a property in Singapore first. After which you can then proceed to see how much can be reduced through your cash holdings. This would also allow you to better budget for your property purchase.
Do call me on if you need more information, I will be happy to assist.
Regards
Lawrence Leo (Mr.)
Marketing Executive
Global Real Estate Group
GRE Realty Pte Ltd
License No.: AD041-3006403E
Address : 490 Lorong 6 Toa Payoh #09-15 HDB HUB (Biz 3 Lift Lobby 2) Singapore 310490
* E-Mail: lawrenceleo77@gmail.com|) DID Phone :
+65 6397 6866
|) Hand Phone :
+65 9730 0960
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