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Dear all, I have recently applied for a 4 room in the Jan BTO launch (punggol) as a first timer. My fiancee has worked for the past 1.5 years while I am finishing my degree in May before starting work. However, our HLE application was turned down due to 'credit worthiness'. Will like to find out if there is any chance an appeal to HDB regarding this rejection will be of any use? Or if not, is there any other way we can seek alternate financing. (I understand that if HLE is rejected, there is little chance of banks approving a housing loan?)

Posted by Loke on Apr 19, 2012 in HDB Questions | 609 Views

Latest Answers by Real Estate Professionals (2 Answers)

Chia Aaron
APHO.16708844.V60B
CLOGO.80.V60
Contact Agentorangearrow
Answer Posted on Apr 19, 2012
congrats on moving to the next stage of your life (marriage and career). call me 91099953 so that i can advise you the step by steps to try. i was in your shoes a short while ago.
- Aaron Chia
ERA Realty Network
91099953
aaronchia@e.ntu.edu.sg
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Mike Lim
APHO.5967251.V60B
CLOGO.80.V60
Contact Agentorangearrow
Answer Posted on Apr 19, 2012
Afternoon Loke,

Yes, you are right. If your HLE have being rejected, it's very unlikely that Bank will grant you any mortgage loan, unless you have personal guarantor or are looking at very much lower loan quantum.

FYI
Mike Lim
96929209
ERA
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