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If my housing loan is below 80% of the purchasing flat (Only i am a citizen, my wife is a LTVP holder), what are the break down of cash/CPF/others that i need to come out with? If considering that i can only loan around 65%.


And Am i right to say that if i am purchasing a home from a seller who have already engaged a agent, i don't have to pay that 1% commission again?

Thank you for the help!
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1 Answer

Mike Lim
Replied
Morning,

If your seller have an agent acting for them, you do not need to pay their agent. As how your case where you can only loan up to 65%, it would likely be due to your income status or credit report. Ultimately, we will need to know your age and loan period. This would allow me to understand how must down payment is required from you.

Do contact me if you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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  • LW
    Replied
    Hi Mike. As per my add on.

    Reason to the 65% loan is because my wife is only a LTVP holder without a job in Singapore yet. therefore that can only consider my income.

    I am 30 this year. loan period will be 25 years.

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