Asked by Serious Thinker
dear gurus, I am planning to buy a private property. I am PR and wife's PR application is pending.
a) Is it possible for both of us to be the owner of the property but only myself be the only borrower of home loan?
b) If yes, once my wife get her PR, can she use her CPF(in addition to mine) to pay montly installment of the loan since she is also co-owner of the property?
I am able to get suffiicent loan on my income and was thinking not to use wife's name in any loan records/credit history so that in future she will be entitled for maximum loan. Hope i am able to explain the scenario?
a) Is it possible for both of us to be the owner of the property but only myself be the only borrower of home loan?
b) If yes, once my wife get her PR, can she use her CPF(in addition to mine) to pay montly installment of the loan since she is also co-owner of the property?
I am able to get suffiicent loan on my income and was thinking not to use wife's name in any loan records/credit history so that in future she will be entitled for maximum loan. Hope i am able to explain the scenario?
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