This writer said that the bank officer indicated that the valuer will value the property at a higher price to get a bigger loan.
http://www.straitstimes.com/STForum/OnlineStory/STIStory_519799.html
My comment
The buyer should avoid paying a high price for the property as this means a higher monthly repayment over many years. Pay a price that is within your earning capacity (i.e. not more than 5 years of your family income). This is explained in my book, Practical Guide on Financial Planning.
Subscribe to:
Post Comments (Atom)
:.
0 comments:
Post a Comment