Hi,
Regret to hear about your situation.
1) Suggest the same as Geryl, HDB loan is one of the better choices for SC to get accommodation with the lowest cash possible.
2) HDB loan can match up to 90% of the purchased flat. The remaining 10% can use CPF to pay. So you just need to manage the monthly mortgage.
3) Thumb of rule, check your CPA OA to see how much you have. You will need 10% of the budget plus a few thousand for stamp duty and legal fee.
4) Cash-wise, the major portion is the deposit which can amount to $5k. You may bargain with the seller, and you might be able to pay a lower deposit for the flat you want.
5) Take note that if this is your 2nd HDB loan, 50% of the cash proceed will need to be used to fund the next purchase.
6) Starts your first step by clicking on this to apply for your HLE:
https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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