Rune 0 Report post Posted October 14, 2008 Thanks for all the reply. Well juz to share, I draw a fixed income while my wife is on commision base. During our HLE application, I submitted our Letter of Assessment (A total of abt 120K, including bonuses). However, HDB requested my wife to submit her 12 months payslip. Guesed that resulted the failure of our application. The reply from HBD was, our combine ceiling was $8800. Anyway, we had since taken a loan from the banks. Next step is our 1st appointment in end of Nov. Share this post Link to post Share on other sites
applefreak 1 Report post Posted October 14, 2008 they are making it really difficult to get hdb loan to qualify, must make less than $8k gross monthly but they only give 40% of basic pay... i really wonder how are the young couples going to afford their first home :bangwall: Share this post Link to post Share on other sites
Rune 0 Report post Posted October 14, 2008 Totally agreed. From the recent buyuing spree from my friends ... the DBSS @ Boon Keng (hope I got the term correctly) ... for a 4room .. at the price of $590k... the price really far fetch!!! Share this post Link to post Share on other sites
applefreak 1 Report post Posted October 14, 2008 $590k for a four room flat :bow: Share this post Link to post Share on other sites
Sam Lee Poh Huat 0 Report post Posted October 15, 2008 Thanks for all the reply. Well juz to share, I draw a fixed income while my wife is on commision base. During our HLE application, I submitted our Letter of Assessment (A total of abt 120K, including bonuses). However, HDB requested my wife to submit her 12 months payslip. Guesed that resulted the failure of our application. The reply from HBD was, our combine ceiling was $8800. Anyway, we had since taken a loan from the banks. Next step is our 1st appointment in end of Nov. Gonna b careful with bank loans esp when during this period of choppy environment. Fixed interest wld b a better choice over variable. Banks loan wld not b that simple too.. $590k for a four room flat :bow: We hv alot of poor man in a rich man's world... Share this post Link to post Share on other sites
summerholiday 2 Report post Posted October 15, 2008 So wat u THINK may not b what u THOUGHT also.. renotalk is one of the most friendly forum i hv come across for noobies n it will still b.. lets dun b everyones daddy but a friend.. Cheers~! very much agree.. most pp here are friendly, and are sharing experiences or helpin each other.. although we might not be MR knows-all.. at least there is one friendly, caring and kind environment for us here.. lets not spoilt the environment.. Share this post Link to post Share on other sites
yokine9a 1 Report post Posted October 16, 2008 Gonna b careful with bank loans esp when during this period of choppy environment. Fixed interest wld b a better choice over variable. Banks loan wld not b that simple too.. If we are given a choice, I think no one will go for bank loan. Their interest rate is definitely higher than HDB. Nowadays HDB makes it so hard to get their loan I can understand if buying a private property, we have to take bank loan cos HDB is not involved. But why buying a HDB flat cannot take loan from HDB? Share this post Link to post Share on other sites
Rune 0 Report post Posted October 16, 2008 If we are given a choice, I think no one will go for bank loan. Their interest rate is definitely higher than HDB. No choice Nowadays HDB makes it so hard to get their loan I can understand if buying a private property, we have to take bank loan cos HDB is not involved. But why buying a HDB flat cannot take loan from HDB? Well, juz sharing .... when taking a loan from banks, some banks capped them at a minimun of 100k, which I had took up. I have to fork out an additional 5% cash, which is $11500k Share this post Link to post Share on other sites
