Asked by Jimmy
Hi, Gurus!, My wife & I currently own a 5-room HDB flat for almost 5 years with an outstanding HDB loan of 100K. My CPF contribution is enough for monthly HDB loan instalment. We now have cash+CPF about 250K and would like to buy a resale condo unit and like to know whether there is any way we can borrow upto 80% 2nd loan with current regulations. We intend to keep HDB flat and rent it out. I am 48, my wife 41 and my annual income is 120K.
746 views