AskGuru Q&A Community

Hi Spoonie,

It is best to speak to a banker reqarding your query. I am able to connect you to a few bankers whom i closely work with.

Based on your financial standing, they are able to advise you on the max loan you are able to get from the bank.

Furthermore, i would also like to assist you to market your 4rm flat and sell off at the highest possible price. I will help to do the valuation of your flat at my own expense.

Please call me at 96836230  to discuss.

Thanks,
Ander ERA Read More

Hi Spoonie,

Based on the assumption that you have fulfilled your MOP time frame..

Looking at the figures that you have given, i think the main concern would be to clear the hurdle of paying the cash deposit for a condo first.

For example, if you get a property at %700k (2 bedder), you will need,

assuming you are able to take a 80% loan from banks

5% - $35,000 (cash only)
15% - $155000 (cpf + cash)
Stamp duty - $15,600 (cash only)

Hope this gives you a rough idea on what is the max amount that you can go for.

Please drop me a mail if you have any remarks
or enquiries as forum users like me will
not be notified of any remarks made
on this discussion page.

Cheers,

Ken Tan K W
 96461490 
ken_tankw@yahoo.com.sg Read More

Hi Spoonie,

I saw your latest comment. When will the condo you are eyeing in tampines TOP?

If you are able to find intermediate occupation, i would advise you to sell first, then buy the condo. The interest rates for bridging loan is quite hefty, not worth it.

You can call me at 96836230  to discuss more.

Thanks,
Ander ERA Read More