AskGuru Q&A Community

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi there,

If you already qualify for HLE loan at 90%, then you can pay your 10% down payment in CPF.
Probably only $1000+$4000 = $5k for the option to purchase.
(Can be lesser but your sellers might not agree to it.)

You will have a clearer picture once you have your HLE approved as you will know the exact amount allowed for you to loan.
And when buying, most sellers would prefer if you already have your HLE done. Otherwise they may not accept your offer fearing that your loan is not approved or insufficient.

Hope this is useful for you !

- Hakim Realtor
property@hakim.sg
 9144 9841  Read More

Hi,

There is insufficient information to determine if you are able to secure a loan for this purchase. Cash amount needed depends on whether you're taking a HDB loan or a Bank loan.

For HDB loan, you could qualify for up to 90% loan, whereas for Bank loan, the maximum loan would be capped at 75%.

Cash outlay can be as little as $2, to as much as $25k, and more if there's COV involved.

Seeing that it's your first purchase and looks very unsure, it would be advisable to engage a professional to hand-hold you for your first purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi

You may text 9620 0827  for a casual chat. We can share with you the transaction process, timeline and an estimated financial commitment.

Warmest regards

Gavin Read More

Hi

Looking at your grant eligibility and CPF OA balance, it is safe to say you can more than afford the minimum 10% downpayment assuming you are taking HDB loan. For bank loan, a minimum of 5% cash deposit is needed but there is no such requirement for HDB loan. However in reality, when purchasing a resale, you need to place a cash deposit with the seller at a negotiable rate between $2 to $5000. In addition with demand for HDB on a high right now, COV (payable by cash upon completion) is becoming a norm right now. You have to ensure that you did not purchase a unit at a price too high beyond it's market value and unexpectedly incurring high amount of COV as a result. To allow me to explain better, its good if we have the opportunity to meet up. I am specialised in HDB market. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More