Is borrowing 80% Housing Loan OK?

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Originally Posted by HalcyonVI

90% financing is currently the maximum allowed by MAS but interest rates are much higher than for 80% financing and below. It's best to apply for an in-principle approval if you want certainty on the loan amount you qualify for.

any idea what's the interest difference?

[kwee34]

now the rates shld be very much different. clearly, the 90% financing will generate a higher interest than that of the 80% financing plan. but to know the actual difference in figures, u got to look for someone who works in that field

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ok.

how about if you are currently taking a hdb loan for 4 room flat then you want to get another 4 room flat again that does means that you have lost the eligibilty of going for a hdb loan? if you take 5 room you still can apply for hbd loan?

[HalcyonVI]

Yeap, you cannot take up a HDB loan if you are selling a 4 rm HDB and buying another 4 rm flat.

Gong Xi Fa Cai everyone!!!

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does it means that you can only upgrades. if you downgrade to a 3 room also cannot get hdb loan?