AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Good day gurus,
I currently own a 4RM HDB in jurong East St 21. If i sold it, estimated i will have 150K cash,CPF refunded will have 130K.Total monthly income with my wife is $46000.Have a gd record wth banks.Can i know roughly how much loan can i get frm bank? I would like to know if my current financial standing is able to purchase a condo unit as im looking for capital gain. Thanks.
0 •
730 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Mike Lim
Replied
Evening,

We need to make sure that you have your monthly income keyed in correctly. If it's $46k, you can easily buy almost any type of condo, less those high end condos. With $4600, you should be able to get around $400k loan, subjected to approval. Hence you can esaily purchase a unit of not more than $550k, factoring the stmap duty, legal fee, renovation cost and furnishing of your upcoming unit.

Do feel free to contact me if you require further advise.

Regards
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
OHMYHOME PTE LTD
Replied
Experience the convenience of HomerAI by Ohmyhome, your one-stop solution for property success! Gain valuable insights, connect with qualified buyers, and streamline your selling journey with our intuitive DIY calculators. Plus, with our highly-rated agents selling homes above market price in record time, why pay more than 1% commission? Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions