#8: How Long Do You Need to Save your First Downpayment (University Graduate)?

Whether you’re single, newly engaged, recently graduated or have been working for a couple of years, how much downpayment do you require before you make your first property purchase? How do banks assess your loan eligibility and loan tenure? What is the cash or CPF outlay you’ll require to purchase a $1M property in your late 20s or early 30s?

Proper financial planning is crucial before you make this major decision. Check out this useful video as Melvin crunches the numbers!

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