<font color="0077aa">weddin, it depends on wat you are looking for in your lovenest..
you and your htb must agree on the budget you both are willing to pay for your lovenest, be in a condo, resale hdb or resale ec...
the budget should be made up of the downpayment you both can afford presently (10% cash and 10% cpf or 5%-5% under the new scheme) and the loan you both intend to undertake going forward.. for the latter, you can estimate the length of loan, interest rate and the monthly payment you both are willing to fork out.. and work backwards to compute the loan.. hope i am not too confusing here..
with the budget, identify the options that you can have.. based on the preferred choice, you start on your housing search.. of coz, there are also qualitative reasons.. but since your concern is abt cash/loan, lets skipped that..
in my case, we end up choosing a tiny-weeny 2 br freehold condo unit.. coz we bought when ppty mkt, the numbers look sensible to us.. our condo in the east coast costs only abt 100k more than a resale 5rm flat in tiong bahru and abt 50k more than the new big and spacious 3/4br unit in the EC in choa chu kang then..
we paid in excess of 55k in cash for downpayment. we are on deferred payment scheme so cpf is not touched yet currently.
housing loan is usually stretched to the maximum period.. 80% of purchase price at 35 years.. but having said that, depending on your budget, you can take a lower loan amount and make prepayments every now and then to reduce the loan duration..
in my case, our monthly loan repayments are kept below the cpf oa contributions. that was possible partly bcoz we will not be taking a 80% loan and bcoz of a very favourable loan we secured during the ppty dip.. i am not sure if such still applies in today's market.
i have another fren who manage to get hdb's approval to waive the income ceiling for purchase of the new EC in woodlands.. maybe you can try that? her finacials are pretty much like mine as above..
pray for God's wisdom as you both embark on this issue. ps 23 - the Lord is your shephard, you shall not want.. He will provide you with more than enough.. just to share with you, we are paying for the house and wedding by ourselves without parental help.. we started the prepa early last year.. since then, God has never failed to make sure that we have more than enough finances.. we literally spurge on the wedding.. sometimes when i look back, i still wonder where the money comes from..
my place may not be ready before my wedding.. like you, i dun like the idea of staying with parents.. so we have been praying.. guess wat, my fiance will be posted to hk for 6mths-1yr after the wedding.. kekeke, that solves the housing issue.. God knows better.. so relax and let God take care of your troubles!</font>