QUOTE(CharmaineLee80 @ Nov 8 2012, 08:31 PM)
Anyone receive letter to 2nd 10%?
I am taking 70% loan, but get 10% + 2 % discount.
Do we need to pay full 10% or just 5% for 2nd 10% payment?
Not 5%. Should be 10% of selling price - ((2% * Amount after 8% discount) + 15000 (if dont want 3rd car park)).I am taking 70% loan, but get 10% + 2 % discount.
Do we need to pay full 10% or just 5% for 2nd 10% payment?
Eg,
10% of selling price = 662000,
2% * Amount after 8% discount = 2% * 609040 = 12180.80
So, you should pay 662000 - (12180.80 + 15000) = 39019.20
If you take 1276 sqf unit, here is the summary:
1st 10% payment = 662000 - (66200 * 8%) = 13240
2nd 10% payment = see above
3rd 10% payment = 66200 (pay in 2014)
Plz correct me if i am wrong~
This post has been edited by babynoteeth: Nov 13 2012, 08:06 PM
Nov 13 2012, 08:04 PM

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