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We both are just become PR, and wish get a own house. For the 1st time buy a house isist is need 20% of the valuation house value? How about the COV must paid in cash?
Example a house is $300k + cov $50k mean how much to pay?
1) $300k x 20% = $60k +cov $50k = $110k?

2)Evaluation house $300k+cov $50k = $350k x 20% = $70000, other balance on loan?

Pls avise, thks
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1 Answer

Evening,

Value of $300k * 20% = $60k
Total Cash Required = $60k + $50k + Stamp / Legal Fee + Agent Commission = $120k.
This condition is on the base that you do not have any CPF at hand.

DO feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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