Asked by Liew
Hi,
I've place the Option Fee to the seller, now is looking for Letter of Offer from bank so that I can proceed to exercise the OTP. Like to ask is it that from here onwards I must decide on whether 80% or 90% loan on the letter of offer?
20% downpayment is possible but I will left alomst cashless for renovation. Can I initially ask for 90% loan but when near 1st appointment or before completion date ask for 20% loan?
My only worry is I'll be cash exhausted if opt for 20% loan and proceed with renovation on my limited leftover cash.
I've place the Option Fee to the seller, now is looking for Letter of Offer from bank so that I can proceed to exercise the OTP. Like to ask is it that from here onwards I must decide on whether 80% or 90% loan on the letter of offer?
20% downpayment is possible but I will left alomst cashless for renovation. Can I initially ask for 90% loan but when near 1st appointment or before completion date ask for 20% loan?
My only worry is I'll be cash exhausted if opt for 20% loan and proceed with renovation on my limited leftover cash.
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