Good afternoon Jason,
I will advise you to apply for HLE (HDB loan) first to find out how much loan you can obtain based on your combined income then we work things out from there.
If you are able to obtain max 90% HDB loan, your 10% downpayment can be paid fully by CPF OA funds which your cash outlay will be significantly being reduced.
Usually cash outlay will be $5000 option money, $200 valuation fee, $80 resale submission fee, pro rated property tax and agent commission (1% of purchase price plus 7% GST).
The rest like stamp duties or legal fees can be paid by CPF.
Perhaps you can share more with me like your preferred location and finances that you have set aside for housing so I can work out something more detailed for you.
Hear from you soon!
- Your Leasehold Ally, Freehold Tactician -
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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