DID YOU KNOW ? For most people in the above age range, typically they should not have any problems obtaining a loan. (Max 75% loan-to-value-MAS Ruling) But the biggest challenge for them will be to have enough cash savings in order to pay for the down payment for their next property !
Usually for the purchase of a first residential property, most Singaporeans won't have much of a problem after working for a number of years as they have accumulated enough CPF to help them with the down payment. However, this becomes a challenge when it comes to owning a second or third property.
With CPF locked up in their first property, down payment for the second or third property will likely have to be fully paid in cash.
The BIG Question now is……Presumably one can qualify for 75% loan….BUT Where to get that Downpayment 25% cash ???? !!!
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