Quote:
Originally Posted by Unregistered
You are not alone. I am having samiliar problem like you. My partner was retrenched recently, can't find a new job for 3 months already, now family income loss by half.. Going to sell my car to cut expenditure soon, my 3 children all at junior primary school will soon need to learn go to school by walking. If sell my condo, surely incur over 100k loss based on 3 month ago offer, now seriously unsure if such offer exist.
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When you upgrade to the condo after selling your flat, how much DP did you put? 20%? 30%? 40%?
I've very conservative, I put a DP of 80%. I can sleep well at night. I can actually pay off the 20% loan if I want to.
You should not just put a 20% DP because if the market crash by 30%, you will be in negative equity.