Asked by loopless
Hello,
my wife to be and I are looking to get a condo in the near future. This would likely mean we need a home loan from either of the banks @80%. at present I co-own a HDB unit with my mum and still am financing it with a bank loan. I do not intend to relinquish ownership but am intending to qualify for a 80% new loan for the new place hence I will need to either redeem the hdb fully or, transfer the loan over to my mum for her to continue. my mum owns a fully paid up landed properly.
is this even possible ?
my wife to be and I are looking to get a condo in the near future. This would likely mean we need a home loan from either of the banks @80%. at present I co-own a HDB unit with my mum and still am financing it with a bank loan. I do not intend to relinquish ownership but am intending to qualify for a 80% new loan for the new place hence I will need to either redeem the hdb fully or, transfer the loan over to my mum for her to continue. my mum owns a fully paid up landed properly.
is this even possible ?
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