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1.
What is the upfront cash that I am able to set aside for an initial down payment?
2.
What savings do I have at my disposal in my CPF Ordinary Account?
3.
What is the monthly housing loan instalment that I can comfortably afford?
4.
Do I meet credit requirements and guidelines set out by financial institutions in order to qualify for a housing loan?
5.
What are my current monthly financial obligations? Would they permit me to incur another financial commitment without putting too much strain on my financial resources and wellbeing?
6.
How stable is my current job and do I foresee any potential growth in my income?
7.
Based on my current financial position and housing loan eligibility, what is the maximum budget I should set aside when sourcing for a property?
8.
What is the maximum loan quantum & tenure that I can qualify for?
9.
When considering the type of property & location that is preferred, it is important to ensure that an in-principal housing loan approval is obtained before committing to a purchase? (The latter would serve as a valuation/gauge to give you some indication on whether you are getting a good buy or not.)
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