Asked by Angeline
May i know the downpayment for two SPR buy a resale HDB? 10% or 20%?
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1 Answer
Afternoon Angeline,
For PRs, if your mortage loan is approved at 80%, the downpayemnt would be 20%. 5% to be in cash and balance 15% can be in mixture of cash and CPF.
If your loan have being approved at 60%, 10% have to be in cash and balance 30% can be mixture of both. In such cases, it's likely that you have another property at hand. Upon completion of the HDB purchase, you are then required to sell off you private property with 6 month time frame.
Do feel free to contact me for further discussion.
Regards
Mike Lim
96929209
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More
For PRs, if your mortage loan is approved at 80%, the downpayemnt would be 20%. 5% to be in cash and balance 15% can be in mixture of cash and CPF.
If your loan have being approved at 60%, 10% have to be in cash and balance 30% can be mixture of both. In such cases, it's likely that you have another property at hand. Upon completion of the HDB purchase, you are then required to sell off you private property with 6 month time frame.
Do feel free to contact me for further discussion.
Regards
Mike Lim
96929209
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More