Asked by Curtis James Tan
Hi all, we received the in-principal loan approval letter from HDB with an amount of about $300000. This is insufficient to cover the remaining 90% of the value of the property.
We have a combined income of about $7700 which I believe should be enough to get 90% loan. Besides earnings, what other variables are included in loan assessment?
We have been living in overseas since 2001 and do not have any children (yet).
I understand it is possible to appeal against that amount. What information should I include in the appeal letter?
Kindly advise
Curtis.
We have a combined income of about $7700 which I believe should be enough to get 90% loan. Besides earnings, what other variables are included in loan assessment?
We have been living in overseas since 2001 and do not have any children (yet).
I understand it is possible to appeal against that amount. What information should I include in the appeal letter?
Kindly advise
Curtis.
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