Asked by Sarah
Hi Gurus,
The MOP for my HDB flat is 3yrs, i have only fulfilled 2yrs to date (balance 1 more yr MOP to go). I am thinking of buying a condo (and still keep HDB flat). My qns are:
1) If i decide to settle off my HDB (bank) loan fully, can i go ahead and buy a condo or i can only do so after i've completed my 3yrs MOP for HDB?
2) Assuming i've settled paying off my HDB loan, what is the likely bank loan amount for the condo? 80%? And can i confirm that in this scenario, downpayment cash is only 5% (and not 10%).
3) To buy the condo (after HDB flat is settled off), does my partner & me each still have to set aside the min cpf sum of $65,500?
Thanks in advance.
The MOP for my HDB flat is 3yrs, i have only fulfilled 2yrs to date (balance 1 more yr MOP to go). I am thinking of buying a condo (and still keep HDB flat). My qns are:
1) If i decide to settle off my HDB (bank) loan fully, can i go ahead and buy a condo or i can only do so after i've completed my 3yrs MOP for HDB?
2) Assuming i've settled paying off my HDB loan, what is the likely bank loan amount for the condo? 80%? And can i confirm that in this scenario, downpayment cash is only 5% (and not 10%).
3) To buy the condo (after HDB flat is settled off), does my partner & me each still have to set aside the min cpf sum of $65,500?
Thanks in advance.
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