Asked by Snag76
hi,
i am married with 2 kids and currently staying in a 4A HDB flat in tampines with my mum. this flat was bought under my mum and my name. it has an outstanding loan of $148,000. my wife and i have the intention to rent out this flat and buy another condo to stay. as there is outstanding hdb loan, we have to fork out 40% cash + cpf instead of 20%. is there any way my wife's cpf can be utilized to clear the loan before we embarked on our condo buying plan or do you have any suggestions??
i am married with 2 kids and currently staying in a 4A HDB flat in tampines with my mum. this flat was bought under my mum and my name. it has an outstanding loan of $148,000. my wife and i have the intention to rent out this flat and buy another condo to stay. as there is outstanding hdb loan, we have to fork out 40% cash + cpf instead of 20%. is there any way my wife's cpf can be utilized to clear the loan before we embarked on our condo buying plan or do you have any suggestions??
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