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Me and my wife are SPR.
Somehow I have a bad credit score for a unsettled credit card loan from 10 years ago.

But I have regular income and healthy CPF balances. My Wife has a good credit score and also has regular income and good CPF balances.

I wanted to know if we can apply for resale flat and only take loan on my wife's name. would my bad credit score affect our loan application?
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3 Answers

Dear sir,

Yes, as long as your wife has sufficient income to take up the loan under her sole name, it can be done. My current home loan is also under my sole name. Let me know if you need an experienced banker to assist you in your loan application.

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

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Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Regards,

Geryl LIM
Consultant
**Aspring To Be The Best Real Estate Agent In Singapore
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi,

Yes, you can take the loan under your wife name since she is one of the co-applicant. However, have you tried to apply loan based on 2 names? Even though you have a bad credit record more than 10 years ago but have regular income now, the loan approved should be higher than your wife alone?

Feel free to contact me to discuss further.

Thanks

Alan Sng
PropNex
 92707548  Read More
0
OHMYHOME PTE LTD
Hi,

You can do so but it is advise to consult a mortgage specialist for more advice and get a bank in principle approval.

Ohmyhome
 68869009  Read More
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