Asked by Will Lee
dear gurus, my wife and I are living in a 3-rm HDB. It was purchased before marriage under my sole name, and still with an outstanding bank home loan. I had not used up all my CPF when buying the flat and have about $50k left in my OA. I wld like to ask: 1) since my wife's CPF money has not been utilized at all, she has no outstanding housing loan. Thus, is she eligible for 80% bank loan if we decide to buy a pte condo (she as the main applicant)? 2) Can I use the $50k bal in my OA towards the downpayment of the pte property as joint applicant? Thanks.
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