AskGuru Q&A Community

Afternoon, Based on the data that you have provided, I'm still lack of alot of key points to advice in detail. Things like your loan eligibility (based on your age, income status and credit record), how much CPF OA you have at hand (excluding the amount that you have utilized for your current unit), will you be eligible for bank loan or are you looking at HDB loan, are some of the major decision making factors that we need to look into. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Good afternoon, You should be able to get some cash back but that will still depends on how much CPF did you utilized for this property and which type of loan are you using for your next purchase. If you are to use HDB loan, you have to put back 50% cash proceeds into your purchase. Another thing to take note is how much loan can you take for next purchase. If your loan quantum is low that you have to put in more cash, you might have lesser cash. If you are going for HDB loan again, my suggestion for you is to apply for HLE. If you are going for bank loan, maybe let my panel of bankers to advise you on your in principle approval. Hope it helps! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More