Mortgage Loan Singapore I Housing Loan I Home Loan
First time buyers in Singapore can get a maximum housing loan of up to 80%. This is base on the purchase price or the valuation which ever is lower.
Make sure that your valuation matches your purchase price, you do not want to be caught in the situation where you have to fork out extra cash if the valuation do not meet the purchase price.
There are a few credit criteria to be met if you want to take up 80% housing loan, It must be your first property in Singapore.
Second property onwards the maximum loan is 60%.
There are still ways to get 80% mortgage loan in singapore for your other properties, we need to analyze your financial position first and explore the options available to get the desired home loan in Singapore approved.
Do you hidden costs when your purchase your property? stamp duties, legal fees, mortgage stamping fees, agent fees, caveats fees?
- The Types of Mortgages available (choiceofhomes.com)