Asked by Ms. R T
a friend of mine told me that initially when he applied for a hdb loan (bto) the sum of money they approved is very low when his income should get him a higher loan. at that point of time, his then gf was still studying. fast forward few years later, the keys arrived and they are able to take up a higher loan. he said that its because he started contributing CPF because previously, although he was already paying his medisave, he did not contribute to his CPF. does contributing CPF allow one to get a higher loan from HDB? his wife now has a job but his income has decreased from previous years. their combined income is still lesser than what he was making that is why he concluded that contributing CPF has helped to get him a higher loan. i am just wondering if what he thinks is indeed the case?
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