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Hi, I am a first time buyer. Me and my husband thinking to buy a second hand HDB flat. My question is, how is the procedure looks like. Should I look for suitable unit before apply for home loan or the other way round?
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2 Answers

Hi Cindy,

Congrats to the start of your journey to finding a love nest for you and your husband!!

I would very much suggest yourself to get a HDB Loan Eligibility (HLE) first or an In-Principle Approval (IPA) from the bank first.

I have heard of many buyers committing to a unit first then go for the loan and gets themselves disappointed at the end of the day.

Let me know if you need any assistance from getting a loan to finding a choice unit.

Cheerz!!
Brandon - ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com Read More
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  • CG
    Thanks for your comment, so In-Principle Approval (IPA) is actually a black and white from bank, am I right?
Hi Cindy,

Regarding your purchase of HDB, there are a couple of procedure and eligibilty checks to do. Also you would need to work out a timeline of buying and shifting in. I have served many buyers and they have all found their house in a matter of weeks. I have my own exclusive methodology of serving buyers. With my method, I will show you an analysis of the flats in your intended area for you to make a sound decision before putting everything in writing.

I am contactable via my mobile.

Warmest Regards,
Joe Teo
 9836 1570 
Century 21 Real Estate Read More
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