is it 35 yrs or until 65 yrs old which is 38 yrs? if above 38 yrs..currently no loan can loan 80%?
is it 35 yrs or until 65 yrs old which is 38 yrs? if above 38 yrs..currently no loan can loan 80%?
Just remember a few points:
1. Maximum loan for everyone is 35 years.
2. Loan tenure less than 30 years and does not exceed 65 years old
No outstanding loan - 80% LTV
Outstanding loan present - 60%LTV
2. Loan tenure between 30- 35 years or exceed 65 years old
No outstanding loan - 60% LTV
Outstanding loan present 40% LTV
So now you are 27 years old and no outstanding loan.
In order to get 80% LTV,
Maximum loan tenure is less than 30 years.
There is no way you can get a loan tenure of 38 years (max set by MAS is 35 years).
butter, butter, ur such a sweet butter and took the trouble to answer him.
To bring up a person, is to let him to do his findings, and moreover, this is a very simple question
Originally Posted by Laguna
By answering his question I can revise the rules and not forget it .
after you secure your loan and feel HUNGRY can ask sis butter she can recommend a lot of makan place....
It is indeed very complicated... the earlier CMs are so much easier to remember... 60% LTV for 2nd mortgage loan, ABSD for locals and foreigners, 4yr SSD, etc. This latest one got so much to remember!Originally Posted by buttercarp
Originally Posted by buttercarp
That's right. Butter covered it all. It's best to talk your mortgage specialist banker. Because in certain cases it's even better to buy in one persons name. So u can save on buyer stamp duty
So which bank offer the best floating rate now huh?Originally Posted by buttercarp
Standard chartered?
Great summary!Originally Posted by buttercarp