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Hi Kenneth,

For your case, it is better to get a banker to evaluate and provide you with an estimated amount you can loan from the bank.

I am able to get my banker to do that for you. Appreciate you can call me at 96836230  to further discuss.

Thanks,
Ander ERA Read More

Hi please contact or sms me at 91007377  and email at kingproperty@hotmail.com.

I have 10 bankers from different bank to assist you. Let me know

Nick Vishindas DTZ
 91007377 
www.kingpropertyagent.com Read More

Hi Kenneth,

Pls note the new rules that came in force from 20 Feb 10 about bank financing only up to 80%. This would mean that a buyer has to make sure that (for pte resale) 1% + 4% must be in cash and the bal of 15% in either cash or cpf or both from individual or combined. (For pte uncompleted proj.), buyer is required to put aside 5% + 15% in cash being option and option exercise fee. The bal would have to be financed, cash or cpf. Do note stamp fee for transfer of 1% for 1st $180k, 2% for next $180k and 3% for bal. will be in cash and can be reimbursed from CPF if there is sufficient CPF O/A.

Based on your annual $100k basic, financing to buy a $750k pte condo does not seem to have any issue. It is better that I get my banker friend to do up a IPA before your committing to view and buy a pte (just to be sure).

Pls also note that the bank loan term would be 70-ave. age of buyers and subject to max. 30 or 35 years.

Kenneth, much having said, do call me 9876 5130  to discuss your situation in a better light.

Thank you.

TC Tan
Group Director
DWG
 98765130 
dennisweeagent@yahoo.com.sg
http://www.dennisweeagent.myweb.sg Read More