Asked by Mr. Gene Tay
Dear Gurus,
I and my fiancee have just selected a BTO flat (using CPF loan). However, it would have to wait for 5 years before we can collect the keys.
I am thinking of buying a private condo in the meantime so that we can start a family. Will it be possible to purchase the condo using bank loan under my mother's name (housewife) and me being the guarantor without affecting my BTO unit? I am fine that the loan quantum is probably only 60% as I just like to set up a family soon.
Thanks all in advance for your kind advice.
Best Regards,
Gene
I and my fiancee have just selected a BTO flat (using CPF loan). However, it would have to wait for 5 years before we can collect the keys.
I am thinking of buying a private condo in the meantime so that we can start a family. Will it be possible to purchase the condo using bank loan under my mother's name (housewife) and me being the guarantor without affecting my BTO unit? I am fine that the loan quantum is probably only 60% as I just like to set up a family soon.
Thanks all in advance for your kind advice.
Best Regards,
Gene
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