Loan to Value Ratio – Many consumers are confused as to which housing loan do they fall under. A simple illustration as follows:
– If you have an existing housing loan (not paid up completely) and wish to purchase a second property, you will be counted as a second housing loan.
– If you have fully paid up your first property and wish to purchase a second property, it will be your first housing loan.
Here is a summary of LTV for individual borrower (subject to individual borrower limit assess by banks):
For details on how much loan you qualify, please contact your bankers.
Information on ABSD