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My husband and I are SPRs and keen to buy a HDB here, but we dont know where to start and how to go about. Is it possible to get 100% loan for purchase as we have steady jobs but may run short of initial investment?
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1 Answer

Michael Loo
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Greetings Tagg,

First of all, you must not have any properties overseas or locally. You are required to sell sell any other properties that you have locally or overseas within 6 months from getting your HDB flat.

Its not possible to get a 100% loan for any properties. The banks will only offer you maximum 80% of the valuation price.

Other cash payable in your consideration includes option money (max $5k ), cash over valuation, stamp duty(Cash or CPF), legal fee (Cash or CPF), agent fee etc.

Regards
Michael
Mobile: 8112 8516 
Email: kero2322@gmail.com
Remax ( Empire Property Group)
Licence: R000266A Read More
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