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Hi gurus,
Currently I am holding on to a BTO flat with my mum which has just fulfilled the MOP. It is on HDB loan.
I wanted to move to another resale HDB.
I am drawing slightly above $6k, that prevent me from getting the next HDB loan if I were to buy the next resale using my own name.
So if I want to get a HDB loan for the next resale HDB, is it the right way that I should include my mum's name so that our household total income is below $12k and that we will be granted the second HDB loan? Is there any other things that I should look into and be of concern to me?
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4 Answers

GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred Experienced SG Realtor

Under single scheme, you can only opt for bank loan.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

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Hi,

Yes if you apply as a family nucleus, the ceiling will instead be 12k hence you will qualify for hdb loan. However, her age and income (if any) will be factored into the loan calculation hence the attainable loan may be lower. Perhaps we can discuss further on the best approach to explore so you meet your objectives? Thanks and hope to assist further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Hi

It would be difficult to advise constructively without understanding your situation clearly

If you would like to email to gavin.ng@orangetee.com we can communicate more effectively as we can clarify some certain issues.

Regards Read More
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Dear Sir/Mdm,

Are you the co-owner of the current HDB, if you are, it is advisable to purchase it together with your mum for the next flat.

However, if you are not, it is advisable to purchase it on your own if you satisfy the eligibility. In this way, you may rent out the existing HDB to generate positive cash flow.

Bank loan may be an option as some packages are offering an interest rates that is lower than what HDB is offering.

Please feel free to contact me at 9644 4854  for a chat so that I can advise you further.

Thank you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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