November 2019

What property price can afford with $850k bank loan limit and $350k cash?

“What? Of course, the price I can afford is $1.2 million.” No, wrong answer. Even though your bank loan limit is $850,000 based on your Total Debt Serving Ratio (TDSR, which is 60%), you may not get such maximum amount when buying a certain property because of Loan To Value (LTV) limit, which is currently 75%. In addition, you need to pay lawyer fee, Buyer’s Stamp Duty (STD) and Addition

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