Explain the criteria for taking a housing loan. Explain the criteria for using CPF savings and housing grants: Real Estate Investment and Finance Report, SMU, Singapore

Tasks

• Explain the criteria for taking a housing loan.
• Explain the criteria for using CPF savings and housing grants for a home purchase.
• Analyze the client’s housing loan and how it can be financially prudent.
• Explain the impact of a client’s financial standing when taking a housing loan.

Explain the following:

1. Based on the couple’s requirements, recommend to them a resale condominium and explain the reason for this recommendation.
2. Clearly state what is the selling price.
3. Explain to the couple the current MAS and CPF policies in order to buy a flat and take a housing loan.
4. Advise them on the amount of CPF funds and HDB housing grants, if any, that can be used to finance the purchase.
5. State what is the loan amount obtainable and the cash payment required in order to complete the recommended purchase.