To buy or not to buy?

[sundaymorningstaple]

Obviously not.

[carteki]

Your monthly mortgage will still be around $2k per month. Out of that $2k payment over half will go towards interest.

Suggest you check you calculations - or refinance as you're paying way TOO MUCH interest - currently the interest is about 30 - 40% of the monthly repayment (and that is at the BEGINNING of the loan)

[InTheBlue]

The income cap are for Singaporeans buying new flats from HDB (Only eligible to PR's if one spouse is a Citizen).

If buying a resale flat from the open market, not subject to income caps UNLESS taking the mortgage loan from HDB.

Which explains why my friend has an income cap.......he's married to a local.

Tks SMS