AskGuru Q&A Community

Hi,

If you are flexible with location, you may wish to consider new ECs from developer, where you can get grants and private property at subsidized prices.

The max loan attainable depends on your age, credit, income profile and whether any other debt obligations you have at the moment. Whether bonuses are factored in depends on banks assessment. For private property 1st purchase, you can loan up to 80% and max loan tenure of 30 years. Thanks and may I understand your requirements further and value-add to your housing plans?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,
Below is my input to your questions.

1. Assuming you are eligible for 80% loan of the purchase price, the down payment will be 20% + 3% SD + 5% ABSD (if PR's name is included) + legal fee of about 3K.

2. Bonus can be included in the computation for the loan.

3. For this, can be discuss with the banker.

4. Assuming you are not serving any other loan, your estimated max loan quantum is around 700K. Actually both you can take up to 30 year tenure.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Perhaps you can share more on your requirements, objectives and finances on hand so that I can conduct the progressive payment calculations to narrow your options for your consideration. There are a couple of firesales / high discounts in the Primary market, not forgetting the resale market which could potentially add value to your portfolio and enhance capital appreciation in the years to come.

To add, there is no fees involved, hence do get in touch so that I can render my consultation and give an overview of the procedural framework- shortlisting of units, negotiation, paperwork, payment timeline & financial computations, market insights report, comprehensive customized sales/rental report, latest up to date transaction caveats in chosen project and handling all legal coordination and admin matters at no cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June/ July ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Good Day and Thank You for your queries,

Based on the information provided, please find respond to your queries as following:
1. If you are both 35 years of age, please find the following estimates for your comparison:

For Private Residential, Non-Married SC+SPR:
(60% TDSR Applies)
Income: $8k
Max. 80% LTV: $1.068m
Max. Home Price: $1.336m
Max. Loan Tenure: 30 years
Est. Monthly Mortgage Repayment (2% IR): $4k
Est. Cash and/or CPF Required: $372k (20%, BSD, 5% ABSD & Legal Fees)
*Married Couple would save 5% on lower ABSD for first matrimonial home
*SSD for first 4 years apply

For new EC/Resale HDB with Bank Loan, HDB Eligibility Requirements Apply:
(30% MSR & 60% TDSR Apply, whichever lower. Hence, amount will be half of the above)
Income: $8k
Max. 80% LTV: $534k
Max. Home Price: $668k
Max. Loan Tenure: 30 years for new EC/25 years for HDB
Est. Monthly Mortgage Repayment (2% IR): $2k EC/$2.3k HDB
Est. Cash and/or CPF Required: $181k (20%, BSD & Legal Fees)
*5 Years MOP applies

Ultimate decision will depend on personal lifestyle choice, risk tolerance and long term plan.
Do discuss with your preferred agent on which property type will be more suitable for your long term plan.

2. Generally, variable income will incur 30% cut or only 70% will be recognised. Bank will valuate if the bonuses fall under variable or non-variable component.

For Illustration:
If considered Variable Bonus, your additional income will be increased by $13,440 pa or $1,120 pm
~[($8k x 12)*20%]*70%

For Private Residential, Non-Married SC+SPR:
(TDSR Applies)
Income: $8k + $1,120 Bonus
Max. 80% LTV: $1.218m
Max. Home Price: $1.523m
Max. Loan Tenure: 30 years
Est. Monthly Mortgage Repayment (2% IR): $4,505
Min. Cash and/or CPF Required: $425k (20%, BSD, 5% ABSD & Legal Fees)

3. Your rental commitment generally would not affect your loan application. Do check with the recommended, tried and tested bankers for confirmation.

4. Most have been illustrated above. Shorter loan tenure of 25 years instead of 30 years, will incur higher monthly mortgage repayment of $4,550 instead of $4,000 for $1.068m loan amount.

As we do not get prompted here, kindly contact me directly should you require more information.
Thank you and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 82250212 
Email: karrien.realty@yahoo.com

POWERFUL NEGOTIATORS
PropNex Realty Pte Ltd
Service You Trust
CEA Licence No.: L3008022J

Project Core Team:
Executive Condominium
D19 The Vales - New
D19 The Amore
D18 Sea Horizon
Condominium
D19 High Park Residences - New
D18 The Santorini
D15 70 St. Patrick's - Last 12 Units
D15 Flamingo Valley - Fully Sold
D14 Tre Residences
D14 Sims Urban Oasis

Floor Plans & Listings:
http://propertyguru.com.sg/agent/karrien-n-chan-295771
Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu Read More

Hi,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents and walk you through the entire process.

Tell us more about your requirements and locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
Email: Onassis@sgrealtor.com
Skype: incomecare

Trusted Real Estate services led by our SG featured branding.

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.CommercialSingapore.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg Read More