AskGuru Q&A Community

Question

General Questions

Asked by Jo 18 Sept 2011

I like to purchase a condo and rent out my HDB flat (coming 5yrs). What is the minimum amount i need to hv in my OA or/and SA if i intent to use cash for the 15% down pymt?

724 views

Upvote Upvoted

1 Answer

Previously Asked Questions

William Koh · Answer 1 · 2011-09-19T15:43:08+08:00

William Koh

Replied 19 Sept 2011

Hi Jo,

If you have existing loan, the next mortgage loan will be 60% max, which mean the down payment will be 40% (10%: Cash, 30%: Cash/CPF).

Please do not hesitate to call me if you need any help.

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

Upvote Upvoted

AskGuru Q&A Community

1 Answer

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

AskGuru Q&A Community

Want this question answered?

1 Answer

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours