Asked by Anonymous
Hi. I am a SC and my spouse has just gotten his SPR. His CPF is empty, will this affect our HLE? We are looking to buy a 4 rm or 3 rm in the west side.
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2 Answers
Good morning,
HLE will be based on both of your income.
CPF will be utilised for the downpayment, stamp duties, legal fees, or reduction of loan or mortgage instalments etc.
Hope my sharing aids in clearing your doubts.
May I know how can I value add further in your property needs?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
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Accolades:
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HLE will be based on both of your income.
CPF will be utilised for the downpayment, stamp duties, legal fees, or reduction of loan or mortgage instalments etc.
Hope my sharing aids in clearing your doubts.
May I know how can I value add further in your property needs?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
Hi,
HLE = HDB Loan Eligibility
HLE amount is dependent on current consistent income, and outstanding loans. This has nothing to do with what amount you had in CPF.
HDB will assess how much loan you could get with current household income.
You have to assess yourself on how much budget you have:
Ordinary Account + HLE = budget.
This budget will need to be able to pay:
(1) downpayment of the flat
(2) Legal fee
(3) stamp duty (~3%)
Anything not sufficient for the above, will has to top up with cash.
HDB will wipe clear of all amount in your OA to determine how much you need to repay monthly.
For your case, do take note of any grant that could possibly assist you to reduce your burden or to allow you to buy a better unit.
Hope the above answer to your main concerns, but if there are more queries, 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
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
HLE = HDB Loan Eligibility
HLE amount is dependent on current consistent income, and outstanding loans. This has nothing to do with what amount you had in CPF.
HDB will assess how much loan you could get with current household income.
You have to assess yourself on how much budget you have:
Ordinary Account + HLE = budget.
This budget will need to be able to pay:
(1) downpayment of the flat
(2) Legal fee
(3) stamp duty (~3%)
Anything not sufficient for the above, will has to top up with cash.
HDB will wipe clear of all amount in your OA to determine how much you need to repay monthly.
For your case, do take note of any grant that could possibly assist you to reduce your burden or to allow you to buy a better unit.
Hope the above answer to your main concerns, but if there are more queries, 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
Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More