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HI Guru, Me got a 5rm point blk in AMK, current market price is around 600K, thinking to sell it and buy EC. If we do that, we should be able to get back around 300K cash after minus CPF used up and paid bal around 180K outstandind HDB loan. The ppoint here is that me and my wife combine income is 7K and my wife is a bankupcy since 2005 for owing bank about 30k for her failed business venture. With our combine CPf at 200K plus 300k in cash after selling our house, can we still get a loan for buying an 750k EC?
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2 Answers

Mike Lim
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Morning Aw,

How much is your personal monthly income? How is your credit record then? It would be tough for your wife to get financial loan, even with the OA's approval for the purchase.
You can check with banker/s to get the principle of approval, on mortgage loan, before you start jumping into it.

Do feel free to contact me for further discussion.

Regards
Mike Lim
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