Asked by Viswanathan
My wife and I are Singapore PRs and am looking for a 3-Bedder under $1.5 Mio with built-up area greater than 1500 sq. ft and walking distance to an MRT. As I had made a few overseas investments, I do not have enough cash to make a full downpayment on a new home. My CPF and current cash shoul cover around 15% of the total downpayment. Do banks finance the extra cash needed (for making the balance 5% downpayment and 3% BSD and 5% ABSD) as a personal loan? Does that impact the overall amount that will be granted as a housing loan?
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