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Hi property guru,
Currently staying in HDB flat, i am interested to apply for an EC. But how do i finance an incomplete property before selling my existing flat? As i only eligible for 20 yrs loan before i hit 65 yrs old therefore couldn't take a full the 80% home loan base on my household gross income. Pls advise.
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2 Answers

Ken Tan
Replied
Hi,

You would need to get in touch with a banker to determine your financial status and eligibility.

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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Victor Ho
Replied
Hi,

EC will generally be normal payment scheme whereby the developer will call (the bank you took your loan with) for payment at different phases.

Generally, most banks should let you take a 30 year loan based on their age limit of 75. Also you can only take 70% loan unless you have paid up your current hdb.

Another consideration would be deferred payment scheme. Feel free to contact me at 98586078  for more information.

Regards,
Victor
ERA Read More
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