Asked by Janice Tan
what do u recommend about affordability
177 views
3 Answers
Hi Janice
1) Do you mean loan eligibility?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
2) For Singaporean 1st property Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508 and I can share the breakdown for this calculation including timeline.
3) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
1) Do you mean loan eligibility?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
2) For Singaporean 1st property Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508 and I can share the breakdown for this calculation including timeline.
3) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
Hi Janice,
1) The government already come out with a standard over this affordability by introducing various cooling measures.
2) Current only 55% of the monthly salary is allowed to be used in the monthly mortgage.
3) Therefore if your loan amount after using TDSR to assess tells you whether you are able to afford this particular property.
4) On top of this, you are only able to loan a maximum of up to 75% of the LTV (Loan-To-Value). It means that you have to fork out the 25% down payment for the purchase.
5) Therefore you should be fine if your loan amount + your current saving is equal to or higher than the purchase price.
6) Usually I'll add on to include the buyer stamp duty as part of your budget assessment as this is an additional ~3% of the purchase price.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) The government already come out with a standard over this affordability by introducing various cooling measures.
2) Current only 55% of the monthly salary is allowed to be used in the monthly mortgage.
3) Therefore if your loan amount after using TDSR to assess tells you whether you are able to afford this particular property.
4) On top of this, you are only able to loan a maximum of up to 75% of the LTV (Loan-To-Value). It means that you have to fork out the 25% down payment for the purchase.
5) Therefore you should be fine if your loan amount + your current saving is equal to or higher than the purchase price.
6) Usually I'll add on to include the buyer stamp duty as part of your budget assessment as this is an additional ~3% of the purchase price.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
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