AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
My wife took her 1st HDB loan with her ex-husband and took the 2nd HDB loan with me for our 5 room flat. Does that means that our next flat purchase will be taking up a bank loan ?? Do I have to fork out 50% of my sale proceeds if I'm buying a 4 room resale flat (downgrade)? How many percent of cash and other miscellaneous fees I have to fork out if I'm taking up a bank loan to buy the 4 room flat ??
0 •
1116 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Mike Lim
Replied
Morning,

For your first question, yes, you will have to take bank loan for your next resale purchase.
Second question, you do not need to use 50% of your current flat's cash profit, as you have to take bank loan for your upcoming unit.
As for the last question, we will have to meet up for discussion, as the cash component differ, estate from estate.

Do feel free to contact me for non-obiligatory discussion.

Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
Choo Jia Ming
Replied
Dear Francis

To give you a detail understanding of your finanical position after selling and buying, it would be best to perform a financial calculation in person.

If we are able to discuss further, please let me know.

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F Read More
0
Upvote Upvoted
Tricia Tan
Replied
Hi Francis,
I be glad to assist you to do a financial calculation for your this house and next new purchase.
Feel free to contact me at 92700867 
Look forward to hear from you.
Tricia Tan / Propnex
trish.tt27@gmail.com
 92700867  Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions