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Question

Home Buying

Asked by Anonymous 2 Dec 2014

Hi Gurus , i'm 37 and married with a child and wife no income . i got about 50k in my cpf and i'm self employed . 1st time buying flat . my monthly income is 9500. but i have a company loan of 100k . can i know if i am able to target 4room resale about 400K with cash for downand legal 20k? any problem with the housing loan cos of my co. loan ? rest of it no credit card issues only car loan which is about 1.6k per month.and co. loan about 2.5k per month.

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3 Answers

Previously Asked Questions

Mike Lim · Answer 1 · 2014-12-02T19:15:38+08:00

Mike Lim

Replied 2 Dec 2014

Evening,

Your combined household income does not exceed $10k hence changes are that you will be eligible for HDB loan. However, the loan amount might not be sufficient due to your existing business loan and car loan. With HDB loan, you will need to prepare at least 10% down payment which will require $40k.

FYI
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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CK Ang · Answer 2 · 2014-12-02T20:35:58+08:00

CK Ang

Replied 2 Dec 2014

Hi, hdb load can up to 90%. Your cpf and cash amount is just enough for the 400K purchase. Please drop me an email for me to share the cost break down and the purchase procedure.

I am contactable at my mobile or email.

CK Ang
9046 3808
res.ckang@gmail.com Read More