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HOME LOAN 101.1

There are 2 types of purchasers: Cash purchaser Loan purchaser A cash purchaser buys properties with 100% cash. A loan purchaser buys properties by borrowing money from the bank. The loan purchaser can finance his property purchase with a bank loan of up to 90%. Therefore, the loan purchaser only needs to fork out a downpayment of 10% for the property....

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