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Home Buying

Asked by G Tan 27 Jul 2012

My SERS flat MOP will be due in Dec 2013. I have fully paid up for the flat and was wondering how much bank loan can I take if I wanted to buy a private property.

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Mike Lim · Answer 1 · 2012-07-27T11:05:03+08:00

Mike Lim

Replied 27 Jul 2012

Morning Tan,

Your MOP is due in 2013, which is another year away. No banks will provide you with any loan till then. However, with your current mortgage cleared, and being in the green on your credit record, you should be able to obtani 80% loan for your upcoming purchase.

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Mike Lim
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