Asked by Nina
Hi Gurus,
Pls advise, My HDB requires 3yrs MOP, I've only fulfilled 2yrs to date. Im thinking of buying a condo for investment (whilst keeping HDBflat). My qns are:
1) Can i buy condo now, or can only do so after i've completed my HDB MOP?
2) If i've finished paying my HDB loan, will banks offer 80% (or just 60% since its 2nd property?)for the condo loan? Is it confirmed that cash downpayment is 5%, and not 10%?
3) To buy condo (with no HDB loan outstanding), do i still need to set aside min cpf of $65,500?
Appreciate your advice. Many thanks.
Pls advise, My HDB requires 3yrs MOP, I've only fulfilled 2yrs to date. Im thinking of buying a condo for investment (whilst keeping HDBflat). My qns are:
1) Can i buy condo now, or can only do so after i've completed my HDB MOP?
2) If i've finished paying my HDB loan, will banks offer 80% (or just 60% since its 2nd property?)for the condo loan? Is it confirmed that cash downpayment is 5%, and not 10%?
3) To buy condo (with no HDB loan outstanding), do i still need to set aside min cpf of $65,500?
Appreciate your advice. Many thanks.
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