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Home Financing

Asked by Ernie 29 Apr 2010

Is the 80% bank loan to buy HDB resale flat based only on valuation or valuation+ COV ?

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Jenna Tong · Answer 1 · 2010-04-30T11:21:43+08:00

Jenna Tong

Replied 30 Apr 2010

Hi Ernie,

The 80% will be based on valuation only. Valuation report will have to be submitted to the bank during your loan application.

COV will have to be in full cash payment upon completion.

Hope this info helps.

Best Regards,
Jenna Tong ERA
8298 3379
jenna.tong@yahoo.com.sg Read More

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