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Looking to buy a resale HDB and considering bank loan.

what is the total initial payment I need to pay if i'm taking a bank loan?

If I have an existing housing loan, the ceiling (from HDB site) is 60%, is that a hard rule? If so, how much do I need to pay in cash for my initial payment?
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1 Answer

Mike Lim
Replied
Afternoon Desmond,

The TDSR is a guideline for the banks to follow. If your TDSR ratio is high, bank will lend you lesser. With this, you will then be required to fork out more cash in order to purchase the property that you want.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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