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Dear Gurus,

I do not want to take out any loans.

I want to buy a resale HDB. I am eligible for Single Scheme.

I used the CPF calculator and I've saved up enough to fund my purchase using just my CPF OA and my savings. I'm thinking using all my CPF OA to fund 40% and the remaining 60% of total purchase price using my savings.

So if I am NOT taking HDB loan or Bank loan, can I still use all my CPF OA? Or will there be issues?
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5 Answers

CK Ang
Replied
Hi,
Yes, you can finance the property via CPF and cash 100%, no loan is required.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Mike Lim
Replied
Morning,

Since you have enough funds in both cash and OA, you do not require a mortgage loan. I have clients where they paid off the unit entirely with their CPF funds and cash.

Do feel free to contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Ivan Ng
Replied
Hi,

Yes you can use your full OA plus cash to fund the property purchase without taking any loan. Thanks and hope to assist with your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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Ng Teck Chuan
Replied
Hi buyer,

Yes you can do that, but it will only be good if you're not intending to sell your house ever - when you sell off your house you'll have to deduct the accrued interest from the selling price.

Do think about it and contact me should you require any assistance.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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Gavin Ng
Replied
Hi

Yes you may use your CPF + cash to pay for your flat.

If you can email gavin.ng@orangetee.com, we can do a financial estimate as buying a flat will incur other expenses.

Gavin Read More
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