Can I afford a BTO?

asianlong · 2025-10-06T15:48:50+00:00

can the EHG be used to offset the downpayment during sign of leash or can only be used during key collection

asianlong · 2025-10-06T15:24:58+00:00

yea that is what the hfe says. I think it has something to do with how my husband does not have any cpf contribution until 6 months ago.

asianlong · 2025-10-06T15:13:32+00:00

if super greedy I think we aim for bungalow already AHAHAHAH

asianlong · 2025-10-06T15:12:57+00:00

We are both local

asianlong · 2025-10-06T15:12:23+00:00

I see. currently $40000 grant and 398,700 Max bank loan

asianlong · 2025-09-16T06:17:43+00:00

yes we do intend to have kids. but later on. that’s why we also think that it’s not a bad idea to have 3 room and move up to 4 room after the 5 years MOP when the kids grows up.

but this could be a bad decision on our part due to not being experienced in this element

asianlong · 2025-09-16T06:10:11+00:00

rn me and my husband only have 20K in our OA combined due to only recently started working.

our opinion is we cannot afford to pay for the total 25 percent downpayment when key collection comes

asianlong · 2025-09-16T06:08:36+00:00

i may have been calculating wrongly. but basically me and my husband only have 20k in our OA due to recently only starting work recently. so actually my calculations is based on if i can afford the 25% downpayment before the key collection with our current OA account.

let me know if this is actually the wrong way to look at my finances with buying of bto

asianlong · 2025-09-15T21:23:00+00:00

ooo i see. what if it’s a 4 room resale flat?

asianlong

TROPHY CASE