Asked by DanP
I'm reaching 35 in March 2011, and would like to buy a property under the SSC scheme. However, I know that I'm not eligible for HDB loan (gross income more than $3k), so would need to fork out hard cash for the 5% upfront + COV + agent's comm. This would come up to be as much as $40,000 for say, a $350K 3-rm flat.
I would like to ask: For my situation, would it be better to go for a small condo unit? What would be the upfront CASH I need to fork out for a resale condo unit that cost $600K? Pls include agent's comm in the calculation. Assuming I'm borrowing 80% from bank, how much is the monthly instalment? How much should my income be for the bank to approve my loan?
I would like to ask: For my situation, would it be better to go for a small condo unit? What would be the upfront CASH I need to fork out for a resale condo unit that cost $600K? Pls include agent's comm in the calculation. Assuming I'm borrowing 80% from bank, how much is the monthly instalment? How much should my income be for the bank to approve my loan?
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