Asking regarding loans.

[Jkdada]

Oic.

Having taken past 2 loan means that you have upgrade or moved houses before.
Not sure if you had make some profit from the past or not, as most would have already.

Hence most likely your past decision did not take into long term for the family especially when children grow up.

This time you may have to take a serious decision before proceeding.

Is there any way I can upgrade as soon as possible?

 

[JuniorLion]

Is there any way I can upgrade as soon as possible?

Put in the 100k that you wanted to set aside into the downpayment in order to reduce the quantum.

Then moving forward, put in 80% of your income to repay the loan.

 

[eric3743]

Is there any way I can upgrade as soon as possible?

The issue is the loan n money.
Although you cannot loan for long term, then you need to opt for better flat.
That is less renovation or no need.

The 2 main points you need to lower the loan amount.
1. Location.
2. Fully renovated &or mostly furnished.

The 1st point is location do play an additional or higher cost.
Fully renovated flats are there as this can reduced or save cost in renovation.
Partial or acceptable condition is also save reno cost, as can do it later, if req.