Hi,
1) Mortgage loan will never credit into a personal account.
2) Mortgage loan is dispersed according to the lawyer's instruction when the payment is due.
3) In an HDB buying process, the lawyer will instruct the bank to disperse the loan to HDB, so that HDB can arrange the amount needed to return to the seller's borrowing institute, CPF OA, and a cheque for the seller if there are any cash proceed.
4) You just need to ensure you engage a lawyer once you decided which bank to use. Because not all lawyers are under the bank's legal panel.
5) Choose a bank first, follow by a lawyer once you got an OTP.
6) Your lawyer or agent will advise you accordingly.
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
Note:
Any response to our answer here will not reach us.
The best way to get a follow-up is to Whatsapp or email us directly.
Read More
