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Hi all,

Currently my dad and I are appealing for HDB loan, he has taken twice previously and recently just sold a HDB bought from HDB by my parents . A few questions I would like to ask.

1. Will we be able to receive any housing grants? (BTO/resale)

2. Will we be able to utilise my dad's CPF if I am listing him as an essential occupier?

3. Will we be able to utilise my dad's CPF if he is a co-owner?

4. Is there any additional charges if we buy a HDB as co-owner? (BTO/resale)

5. Co-owner or Essential occupier will allow us to receive higher HDB loan amount?

6. Please kindly advise on the best solution!.

Thank you!.
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1 Answer

Robbie Chen Chee Howe
Replied
Hi,

Let me help you with the questions:

1) No, zero grant as your parents had already got a BTO previously.

2) No

3) Yes, provided he fulfilled the conditions, i.e set aside sufficient retirement amount if above 55 years old.

4) No additional charges as it's considered as a standard purchase.

5) Loan amount will be dependent on the income of all owners. You may get a higher (or lower) with one or two names.

6) Advise to speak to a professional to understand more before making your next move.

I am experienced and well-versed in HDB resale transactions.
I will be able to assist you in your home purchase. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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