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Dear Property gurus, I like to purchase a private property for investment but unsure of my eligiblity to take loan.
Currently, my wife and I earn a combine annual salary of $120K. We have loans as below:
1)Outstanding Housing loan of $500K, (mthly Instalment of $1600 for 33yrs)
2) Car Loan, monthly instalment of $655 for next 4.5yrs.

What range of property price should I be considering given this situation?
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1 Answer

J.A. Goh 吴永益
Replied
Hi WK,

I suggest you talk to a few bankers and check with them if they can loan you 80% of the new property purchase. The bankers will have to check on your other commitment as well. Once you know the loan you can get, then the next step will be looking for a property that suits your budget range.

Please feel free to drop me an email or call me directly for further discussion.

Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350 
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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