AskGuru Q&A Community

Hi, perhaps you could get in touch with my banker for further assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Info provided is rather brief and I suspect there is a typo error. I will assume the following:
1) Your parents are staying in EA instead of EC.
2) Some life events happen that your father needs to transfer his share to your mum.
3) There is an outstanding $420k that needs a bank loan.
4) Her current income does not sufficient to cover this thus needs to loop in your brother's income.

Pls see below:
1) Your brother has to become the co-owner in order to assess his income for the loan, likewise for utilizing his CPF.
2) Sorry, that I'm unable to give you an estimated amount as to assess the loan amount, age and income is an important factor to determine the loan amount.
3) If your mum earns more than the loan amount will be lower since she is nearer to age 65. If your brother's income is higher than the loan amount will be higher.

In this case, you will need a banker to have a more accurate assessment.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow up is to Whatsapp or email us directly. Read More