Thursday, April 17, 2008

money matters

Woah- A big kudos to HDB for being a fantastic resouce yet again!

Post HLE application, me & the bf were wondering what that meant in terms of monthly instalment etc if we maxed out our loan budget, and whaddayaknow, HDB already had it all figured out & placed on a silver (internet) platter!

First, they have the enquiry on the maximum loan amount that you would probably get in the HLE.

Then, they even have a monthly instalment calculator which would give you a gauge of how much it would cost on a monthly basis if you were to buy your flat for X amount.

And, even more fantastically, they have a financial plan, which gives a detailed breakdown on how much you would need to fork out depending on what type of hdb flat you buy!
For buying a new flatresale financial plan
For resale flats
For SERS flats
and lastly,
For design, build & sell scheme flats

So, if you choose the 'right' budget, you could potentially just use your combined CPF payments to pay off the monthly mortgage with absolutely no cash payment subtracted from your monthly paycheck!

Tres tres bien!

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