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I own a 5 room HDB Property already fully paid off, now planning to buy a condo at clementi side for around 1.3M, but now i dont have any plans to sell the existing one - so for the down payment i have 65% sufficient cash and CPF together but for the balance of down payment can we go for bank loans or how kindly advice
Hi, if you have fulfilled your MOP and subject to credit underwriting, you can buy the condo and take out a loan for up to 60% of purchase price. Let me refer you to a good mortgage banker for an IPA.
Cheers, Wee-Ling 9851-5470 email@example.com SLP Realty