Asked by Chiang Wei
What is the downpayment in cash for a resale flat? For example if a 4room resale flat cost 400k...
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4 Answers
Hi Chiang Wei,
Dependent what type of loan you are applying:
(1) HDB loan: typical you have to pay for
option fee (typical and max is $1,000) &
exercise fee (typical and max is $4,000).
Down payment is inclusive of the above, which is minimum 10%. You may use CPF and/or grant to make up of the 10%.
Max: 90% loan.
(2) Bank loan:
Other than the option & exercise fee mentioned under (1).
5% cash
20% CPF and/or cash
Max 75% loan.
Using your example:
(A) HDB loan: you may only need $5,000 to do the down payment if there is sufficient amount in your CPF OA.
(B) Bank loan:
5% = $20k.
Do note above only cover down payment and not other cost such as legal fee, caveat, buyer stamp duty & others.
Hope the above answer to your main concerns, but if there are more queries, 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
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
Dependent what type of loan you are applying:
(1) HDB loan: typical you have to pay for
option fee (typical and max is $1,000) &
exercise fee (typical and max is $4,000).
Down payment is inclusive of the above, which is minimum 10%. You may use CPF and/or grant to make up of the 10%.
Max: 90% loan.
(2) Bank loan:
Other than the option & exercise fee mentioned under (1).
5% cash
20% CPF and/or cash
Max 75% loan.
Using your example:
(A) HDB loan: you may only need $5,000 to do the down payment if there is sufficient amount in your CPF OA.
(B) Bank loan:
5% = $20k.
Do note above only cover down payment and not other cost such as legal fee, caveat, buyer stamp duty & others.
Hope the above answer to your main concerns, but if there are more queries, 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
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
I am Sorry that This platform does not allow me to direct contact you.
You can reach me at https://wa.me/6598569255.
Allow me Assist Further Read More
You can reach me at https://wa.me/6598569255.
Allow me Assist Further Read More
1
I am Sorry that This platform does not allow me to direct contact you.
You can reach me at https://wa.me/6598569255.
Allow me Assist Further Read More
You can reach me at https://wa.me/6598569255.
Allow me Assist Further Read More
1
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
XXXXX The End XXXXXXX Read More
1
https://www.youtube.com/watch?v=FR9wA4pAjaY