Asked by Anonymous
Hi agents. My parents are getting a divorce. My mother will transfer ownership of the current HDB flat to my father. My siblings will stay with my father. I am looking to purchase a HDB resale flat with my mother. I'm late 20s and my mother is late 50s. The primary intention of getting the flat is to have a shelter now. I also want this to be the house we stay in when I get married in the near future.
1) Are there any grants available?
2) Understand that HDB loan downpayment is 15%, maximum LTV is 85%.Typically is it easy to get maximum LTV from HDB? Are there any factors that might reduce the LTV ratio?
3) Any other issues that may arise from my situation?
Thank you all in advance.
1) Are there any grants available?
2) Understand that HDB loan downpayment is 15%, maximum LTV is 85%.Typically is it easy to get maximum LTV from HDB? Are there any factors that might reduce the LTV ratio?
3) Any other issues that may arise from my situation?
Thank you all in advance.
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