AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
i'm 57 now and looking to sell my 4 room hdb and buy a 2 bedroom condo. WIth the latest cooling measure, does it mean i have to pay a 40% downpayment with a maximum LTV of 60% if i take a 30 year loan. Or am i not allowed to take any loan beyond my retirement age of 65?
0 •
643 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Tricia Tan
Replied
Hi Alvin, because of your age factor, most bank will lend you less then 30year loan. Hence you might need to go for lesser loan amount. I have also helped my client in similar cases before.
Feel free to contact me for a more detailed discussion so we can discuss on both buying and selling. Read More
0
Upvote Upvoted
Tricia Tan
Replied
Hi Alvin, because of your age factor, most bank will lend you less then 30year loan. Hence you might need to go for lesser loan amount. I have also helped my client in similar cases before.
Feel free to contact me for a more detailed discussion so we can discuss on both buying and selling.
Tricia Tan ERA
 9144 2664  Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions