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 Buying Property

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TSstevenryl86
post Apr 12 2023, 01:41 PM, updated 3y ago

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Hi all, need you all to confirm the below based on my understanding are correct?

We assume the following,

Selling Price : 660k
Deposit 10% : 66k
SPA price : 594,000

Loan amount :594k

EPF withdrawal

660k - 594k = 66k
660k x 10% = 66k
Max withdrawal = 132k or whichever is lower.


Difference between purchase price and approved loan amount +
10% of the purchase price
OR
Applicant's entire savings in Account 2
(whichever is lower)

This post has been edited by stevenryl86: Apr 12 2023, 01:51 PM

 

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