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Afternoon,

The intented purchase unit have lease of 60 years. Should bank grant you any mortgage, it would like be less than 80%.

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

Hi Cliff,

For property with balance lease of less than 60 years, the bank loan is unlikely to be max 80%, hence you have to adjust accordingly. The CPF usage will also not be full and will be pro-rated due to above same reason.

Thanks and will be glad to share a detailed financial plan so you know what to expect. Thanks and look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi Cliff,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

To have a clear pictures, you shall seek for the professional advise of the banker to give you the loan quota that you eligible to apply for this HDB purchase.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Good evening Cliff,

As the unit you are eyeing has balance of less than 60 years old, this will affect the loan tenure therefore you wont be able to obtain max 80% bank loan.

Have you speak to a banker in regards to your in principle approval yet? If not I can ask my banker to assist you on this.

I dont have your age and property age so I wont be able to comment further on your CPF withdrawal percentage but I assumed you are right at 64%.

By the way, care to share why are you eyeing on an old HDB with so many restrictions on CPF usage and bank loan? In addition, there might not be any potential upside.

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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Hi Mr Cliff,

Purchasing a <60 years lease flat would not guarantee you a 80% bank loan hence the sums wouldn't be right entirely. It seems like you haven't got a reliable banker to assist you with the IPA, would you like me to get my banker to be of your assistance? Most importantly, would you like my help to go through the entire purchasing process so you wouldn't need to have a headache finding out information yourself. It'd be a breeze with me around, give me a call anytime! :)

Regards,
Sophia Ng
ERA Realty Network Pte Ltd
Mobile: 9225 4321 
E-mail: sophiangsy@era.com.sg
Website: www.sophia-ng.com
Facebook: www.facebook.com/realtysophia Read More