Quote:
Originally Posted by Unregistered
Errr... how is that possible to get by ?
Would bank loan someone $800K based on a combined income of only $7K at nearing their 40s ? Geeez ! What do they eat and live on ?
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It's quite tough and lifestyle will be meagre living.
Based on maximum 30-year loan at 1.5% interest, the monthly loan deduction is about $3000. And if they pay with
CPF $2k and balance cash $1k, (take home pay $5.6k) they have about monthly $4.6k cash to live on.
And if loan interest goes up, one of them loses their income.....??