facebookWhat is procedure if I sold my resale 4-rm with bank loan, and bought a around BTO 4-rm around 480k what is the cash i need? - Seedly

What is procedure if I sold my resale 4-rm with bank loan, and bought a around BTO 4-rm around 480k what is the cash i need?

What is procedure if I sold my resale 4-rm with bank loan, and bought a around BTO 4-rm around 480k
what is the cash i need

AMA Stacked Homes

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Ryan Ong

27 Nov 2020

Partner at Stacked Homes

Hey! You’ll need to have sufficient amount of cash to pay off the stamp duties, lawyer fees etc first. Beyond that, it’s just a matter of whether you take a HDB or bank loan for your BTO. If you’re taking an HDB loan, you can use CPF fo the 10% downpayment. If it’s a bank loan, you’ll need at least 5% in cash for the downpayment, and the remaining 20% in cash/CPF 👌

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