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Home Financing

Asked by Mohit 26 Nov 2012

I have an existing mortgage for current property, and if I purchase a newly launched condo with TOP in 2015, what is the payment schedule and what loan % can I avail? Would these payment terms & loan amount change if I complete my mortgage before the condo TOP?

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YT Tan (陈永达) · Answer 1 · 2012-11-27T10:16:04+08:00

YT Tan (陈永达)

Replied 27 Nov 2012

Morning Mohit,

As you currently have an existing loan, you will only be eligible to take up to 60% loan if loan tenure does not exceed retirement age of 65 years old and if it exceeds, it will be up to 40%.

In regards to payment schedule, different banks offer different housing packages. Why not I introduce a few bankers to advise you on the different housing loan packages and refinancing of loan if you fully paid up your existing housing loan?

Do you have any new launch in mind?

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