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Hi, I currently own a HDB flat with my Dad since 3 years ago before I got married. Right now, my husband and I would need to get a house of our own and I understand that I am not eligible to buy and own a second HDB flat as long as my name is in another flat and the HDB loan is still active. Can I then take a bank loan with my husband to buy a condo? Will my current flat ownership affect my eligibility for the bank loan/condo purchase? Thanks!
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1 Answer

Mike Lim
Replied
Evening Esther,

With the ownership of the HDB unit, is the mortgage loan under your name? Have you fulfilled your MOP?

If your name have not being included into the HDB mortgage loan and have fulfilled the MOP, you are eligible to purchase private property with your spouse and attain 80% loan.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
CEA REgistration No: R026708F
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