Asked by Jaslyn
My husband and I are considering to purchase a condo for investment. We currently have a HDB flat. I would like to find out the following:
1. How is the payment schedule like for condo bought at launch?
2. How much am I able to borrow from the bank if we have an outstanding mortgage loan on our current HDB? How much do I have to fork out first when I purchase a condo at launch?
3. If I do not have a mortgage loan on my current house, would I be able to loan more from the bank? And if yes, how much more and what is the amt I would have to fork out first?
Appreciate any advices here. Thank you
1. How is the payment schedule like for condo bought at launch?
2. How much am I able to borrow from the bank if we have an outstanding mortgage loan on our current HDB? How much do I have to fork out first when I purchase a condo at launch?
3. If I do not have a mortgage loan on my current house, would I be able to loan more from the bank? And if yes, how much more and what is the amt I would have to fork out first?
Appreciate any advices here. Thank you
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