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Asked by Genny 31 Oct 2010

I was wondering if I'm still eligible for 80% loan (LTV) for my 2nd property if I own a HDB property for own stay. Two agents that I talked to suggested converting my existing mortgage loan to a term loan to bypass the new rule and be eligible for the 80% loan. Anyone here explain what this means and whether this is legal?

PS: I'm planning to purchase a 2nd property for investment purposes.

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Tricia Tan 陈丽子 · Answer 1 · 2010-11-04T09:48:43+08:00

Tricia Tan 陈丽子

Replied 4 Nov 2010

Hi Genny,
Talk to a banker, they will give you the solutions and firm answer. If you need reliable banker, feel free to text or call me
Cheers,
Tricia +6 9270086 7 Read More

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