07 Apr 2020
My husband (27 year-old) just got PR last year & is drawing a $2.8K salary. I (25 year-old) earn $2.4K & may be out of job soon, how long should we wait before applying for a house?
It is also important to note that we do not have a lot of savings.
When you buy a house, the cost is very huge, normally about 30% of the house price (lawyer fee, agent fee, downpayment), unless you can BTO or use grants.
The good thing about CPF is that you can use the money in it to pay for your house. If your CPF OA money is enough, you do not have to use cash to pay for monthly instalments.
Firstly, we need to have a complete understanding on our cashflow. Through this process, we will und...
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