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Hi,

1) Since CPF represents 20% of regular income, this is solid proof of your consistent income. I believed this helps in increasing your loan amount.
2) You have to understand that it is the lender's concern whether you have a regular and consistent income. Especially you are running your own business, therefore a haircut of 30% is applicable in assessing your loan amount.
Thus this is not unusual for them to ask for a bank record.
3) You already aware that credit cards are issued from various banks. And banks have to go through the credit bureau to check whether you have any bad debts. Thus usually those who have an annual income of $30,000 will own 1 or more credit cards. Therefore, it is unusual in Singapore that if your declaration of more than $30k/annum does not own a credit card.
But as for this MSR assessment, owning a credit card reduces your mortgage loan amount, even for an inactive credit card.
Thus don't believe you need to apply for one just for this mortgage purpose.

Since your intention is to get HLE, I would suggest you approach HDB direct for an authorized answer on how to increase your mortgage loan from them.
You may use this to raise your concerns: https://services2.hdb.gov.sg/webapp/BE15AWMyRequest/BE15PMain

All the best!!!

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

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