Which Lentor Gardens homes fit

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Method: maximum instalment = 55% of gross income less other debts, converted to a loan at a 4% stress rate. Price from income = loan / 75%. Price from savings solves 25% downpayment + Buyer's Stamp Duty + about $3,000 legal fees = funds. Your budget is the lower of the two. Banks look at their own factors too, so treat this as a guide.

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Velisa Leong

Division Director, ERA Realty Network Pte Ltd. CEA Reg. No. R053331B.

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