Ang Mo Kio HDB Properties

The most important thing about buying a flat is the monthly installments.  

When I ask my buyers what is there budget of their property, most of them will say this, “My budget is $xxx k…”. When I probe further with questions like how did they get this figure from, they replied,” Oh, it’s from HDB Home Loan Eligibility (HLE). HDB says that I can loan $xxx amount but to be on the safe side, I think I should maybe put my budget to be xxx amount.” Does this sound familiar to you?

HLE is only an approximation based on your income and the maximum number of years based that HDB assumed that you will be working for. Naturally, this will calculate the maximum amount you can loan for.

On the other hand, what your monthly installment should be is based on how comfortable you are in paying for your monthly installments using your cash and CPF. The key word is how comfortable. From this, I can then approximate how much your budget should be.

There can be many different solutions because everyone has different needs, requirements, obligations to the family etc. So it will be best to give me a call and we’ll discuss about your requirements. Just fill up the buying form here.

My point is : Don’t get so caught up getting the house and forget all about your expenses!