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Dear Guru,

I am currently living in 3 rm flat in Bedok area.My house is fully paid and I
am looking to purchase a bigger flats that is a 4 room flat.My husband is self employed and and I am currently working earning around $4K per month.
My problem is that we both have a bad credit rating and have tried applying thru banks but it was rejected.We have appeal to HDB for HDB loans for a total of 9 times thru MP and even writing ourselves but was rejected time and again.I have 9 people iving in my house including my parents aged 81 and 70 and my 4 children age between 4-17 and a maid as well.I really need to upgrade badly as my living condition is very cramp and i have tried getting a few agents to help but to no avail.Can anyone assist me on this>
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1 Answer

Evening,

Have you tried to attached the rejection letter from banks, on your mortgage loan applications? How much debts does the both of you owe, at the current moment? How much profit will your current unit fetch you, if you were to sell it off? and How much CPF do you have, to facilitate the upcoming purchase?
You will have to work things out slowly, prior to getting the issue through.

Regards
Mike Lim
 96929209 
ERA Read More
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