Perhaps you’re starting your homeownership journey late; or you’ve reached that stage in life where you’re ready to upgrade (or maybe even downgrade). Whatever the case, buying homes when you’re older takes a whole different approach. You’ll find that, compared to younger home buyers, you face tighter restrictions, and need different amenities. The following will help you make the right decisions: 1. Understand the relationship between loan tenures, and Loan To Value (LTV) ratios  The LTV ratio is the percentage of the sale price or valuation (whichever is lower), that you can borrow. As of 2022, the maximum LTV from a bank loan is 75 per cent of the property, whilst the maximum LTV from HDB is 85 per cent. However, it’s not as straightforward for older buyers. If your loan tenure would last beyond the age of 65, your LTV will be decreased to 55 per cent. In addition, the first 10 per cent of your property has to be paid in cash....