30 May '14, 6am

5 Things To Do Before You Visit Any Showflat

Before you make the trip to that swanky new launch condominium showflat, it is very useful to know certain information about your own financial strength. Your purchasing power is now not purely limited by your income, but also by the number or existing properties under your name. Moreover, the maximum amount of money you can loan from the bank is not just restricted by the maximum loan caps but by the combined sum of your monthly financial commitments. To simplify matters, here is a comprehensive to-do list before you make the trip to the showflat. - Check on how much CPF you are able to use for the property purchase. - Speak to a banker to find out how much you are eligible to loan based on your current property portfolio and monthly financial commitments. - Know exactly which ABSD bracket you fall into. - Understand how the Normal Progressive Payment Scheme works. - Unde...

Full article: http://blog.propertyguru.com.sg/12128/5-things-visit-show...

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