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I'm coming to resign soon from my company of 12 years and will be doing freelance services. I will receive monthly receipt around 7k with my personal name on it. My concern is, will I be able to take a 2nd private property loan from bank. My 10 years old 5 room hdb is fully paid using cpf. My husband is working in a company but monthly income is $3k. I am interested to get a three bedder apt around east coast(cote dazur or tanjong rhu(waterplace/sanctuary green) breezy but no noon sun. Need expert advice. thanks
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2 Answers

Jolene Foo
Replied
Hi,

whether u are able to get a second loan or not really depends if u can provide documents to the banks to prove that u are indeed receiving a monthly income of $7k per month.

Kindly call me at 91083793  to discuss further.

Thanks.

Vince Read More
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Kevin Seetoh
Replied
Hi Chee Mei

Basically I can see that u will need to go thru some restructuring of your portfolio..

Yes you can take a second loan, but i can see some obstacles with you quitting your full time job. We will work out several things..

1. TDSR
2. Financials and strategies
3. loan requirements
4. Best way to move this forward

I have advised a few of my clients with similar scenarios...

Give me a shout at 90036374  or kevinseetoh@gmail

We can sit down over a coffee (i'll buy) to discuss how to solve this for you.. No obligations on your part to buy anything through me.. Read More
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