I'm currently owning my 1st resale 3 rm flat (recent transaction abt 380K - 405K with COV). I am thinking of buying a EM about 700K - 800K. My questions are;
1. Can my wife and my CPF be able to pay off the monthly installments for a 800K EM? (Assuming my wife and my annual income is 60K and 70K respectively)?
2. How much do I need to fork out in cash in purchasing a 800K EM?
3. Do I need to give back HDB 50% of my profit? (I took grant from HDB, taking HDB loan and this is our 1st flat)