Asked by Andy
Hi, I am Singapore PR and my parents are Singapore citizens. My parents joined me as a co owner and bought a 5 Rm HDB flat. My parents and siblings are staying in the HDB. I got married recently and wanted to move out.I believe based on government rules i am not eligible to buy a HDB. i believe my only option is to get a condominium.
We have completed the MOP.
I have few questions to clarify.
1) I cant afford to pay 40% downpayment for a condominium as i already have a HDB loan? 20% is feasible.
Will it be good to come out of the HDB ownership allowing only my parents to be the owners ? What is the complexity ? Will the HDB loan duration and payment change ?
If i come out the ownership, can i buy still buy a resale HDB or a condo ? Will i get a bank loan for 80% of the HDB or Condo price ?
please advise
We have completed the MOP.
I have few questions to clarify.
1) I cant afford to pay 40% downpayment for a condominium as i already have a HDB loan? 20% is feasible.
Will it be good to come out of the HDB ownership allowing only my parents to be the owners ? What is the complexity ? Will the HDB loan duration and payment change ?
If i come out the ownership, can i buy still buy a resale HDB or a condo ? Will i get a bank loan for 80% of the HDB or Condo price ?
please advise
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