Noob BTO question

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Noob BTO question

Post by DarkWizar on 2nd January 2016, 1:57 pm

what is the event timeline from applying to getting the key arh? especially on the finances part such as downpayment and first mortgage loan payment. When do i make the down payment? when do i need to apply for mortgage? when will the first loan payment? when does the interest start incurring?

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Re: Noob BTO question

Post by Trollandogres on 2nd January 2016, 3:35 pm

U'd be better off scouring e hdb pages.

Generally:
1 mth to know results
Another month or 3 to select flat, apply mortgage n submit payslips

Tink month 6 or so will be signing lease for that down payment thing

Wait 3 yrs then collect key so by then shd hav some proof of marriage or upcoming marriage. Collect key I tink start interest ba, though not v sure

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Re: Noob BTO question

Post by sleepyhealer on 2nd January 2016, 3:37 pm

My Sister in law getting

From selecting to getting keys is between 3 to 5 years

First payment is 5%

Sebquently when collecting key is wipe out the entire CPF.

The rest should be loan. Interest begins after sign letter of offers.
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