Asked by Cindy Tan
hi,
i am planning to purchase a 2nd property. My first one is a HDB which i have rented out & we are serving the loan via CPF.
For the 2nd property, me & my hubby cant utilised our CPF as we dont have the min $50k.
If we were to use Cash for our 2nd property, may i know whats the maximum loan we can get from banks nowadays?
Do i pay 5% first? & when TOP comes, i pay the remaining 15%?
For old properties, do i need to pay the total 20% immediately?
Any other criteria or rules that i need to know regarding 2nd property. I intend to rent out both our property. Is this allow?
i am planning to purchase a 2nd property. My first one is a HDB which i have rented out & we are serving the loan via CPF.
For the 2nd property, me & my hubby cant utilised our CPF as we dont have the min $50k.
If we were to use Cash for our 2nd property, may i know whats the maximum loan we can get from banks nowadays?
Do i pay 5% first? & when TOP comes, i pay the remaining 15%?
For old properties, do i need to pay the total 20% immediately?
Any other criteria or rules that i need to know regarding 2nd property. I intend to rent out both our property. Is this allow?
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