Dear sir/madam,
There are several considerations which we can look at for your plans:
1) Clear your outstanding HDB before purchase and retain the HDB, which means you are required to pay additional 7% stamp duty.
2) Buy the condo upon MOP and be eligible for up to 50% loan, which you will also be required to pay additional 7% stamp duty.
3) Sell your HDB upon MOP before purchase, and be eligible for up to 80% loan, which your stamp duty will be 3%..
The above in terms of loan eligibility will still depends on your monthly income and financial commitments (car loan, housing loan, study loan, credit card bills and etc.).
There is still a lot more to plan for besides the above considerations being put up. If required to, it should be more helpful to you if we can sit down together and plan out the path ahead together with a banker beside us such that you will be more informed of the financial commitments involved if they are affordable.
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Regards,
Geryl LIM
Real Estate Director
Global Alliance - Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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