Asked by Mr. Ruud Yang
hi, i am selling my 5 room hdb property to my parents. my remaining bank loan is 184,000 dollars. the estimated valuation of my property is now 450,000 dollars based on recent valuation prices around my area. if i were to transfer ownership of my property to my parents, would my 59 year old parents be required to take up a mortgage loan of 80% of 184,000 dollars of 450,000 dollars? pls advise as most of the property agents and mortgage bankers are not sure on this as well.
374 views
