Hi
For HDB loan, you are only required to pay up to maximum $5000 deposit and even that can be negotiated. In terms of loan percentage, a first timer can get up to 90% of the flat value or purchased price (whichever is lower) while the rest of 10% is covered through your current CPF savings. No agent fee applies if you do not engage one. However do note if you are unfamiliar with the purchasing process, transaction might not go smoothly and you may unknowing bought a flat well above valuation. In that case, you are required to top up COV (to be paid in cash)) as CPF usage is only limited to the flat value. An agent job these days does not only involved searching for houses but providing consultation on your financial profile, determining your budget along the way, assisting in the transaction processes, negotiating on your behalf for the flat purchase, and most importantly ensuring the house do not attract COV if you are not prepared to pay for it. Do contact me at
93375051
for a free and non obligatory consultation on this. Thks.
Regards
Taufik Hussein
ERA Realty Ptd Ltd
Read More
