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Good afternoon! In fact, Singapore Government introduced a Total Debt Servicing Ratio (TDSR) regulation which will cap debt obligations to 60% of one's income (take into account of credit cards debts, car loan and others etc) and 30% Mortgage Serving Ratio for new EC purchase which OTP is issued on or after 10 Dec 2013 thus I will highly recommend my buyers to liaise with my bankers to do an in principle approval - IPA to find out how much loan can they take up. Can I request my bankers to advise you on your loan amount first? Hope to hear from you soon! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Dear Sir/Mdm, with the latest EC ruling on MSR capped at 30% for EC purchases, I would suggest we discuss your EC purchase over the phone as more factors come into play now in getting a loan. We are friendly and experienced team of EC agents who have assisted many of our clients to purchase their new home. Thank you Andrew Ngauw 8188 8887  andrew.ngauw@gps.com.sg GPS Alliance www.sgECsales.com Read More