Asked by Mrs. dhivya TN
What are the risk involves in buying a condo with 17 yrs lease expired out of 99yrs total lease in north area? How can I check bank loan eligibility? Recently we viewed a house to buy, that Property Agent recommend a banker to check the eligibility of the loan. So that the banker asked me send my pay slip, IRAS statement,ic copy, bank statement and signed loan application form. I have to submit bank loan application form to check my eligibility / to know the loan amount which I will able to get? Meanwhile we check the indicative valuation of that unit to another bank it's about $70k lesser than the selling price. We still can consider it? I m a new buyer SPR. Any advice?
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