Asked by Suz
Hi
I currently own a HDB Premium Executive Apartment in Bukit Panjang. I'm planning to move to another town in the near future for my child's primary school. I'm looking at new EC for my next property purchase. My current HDB loan has not been fully paid yet.
I'm thinking of two options:
1) Rent out the current HDB flat for a few years. Source for opportunity to buy an EC in my preferred town. Will sell away the HDB flat upon TOP of EC. I'm not sure what would be the implications to the bank loan for EC since I still have existing mortgage.
2) Sell the current HDB flat, obtain the proceeds and source for an EC unit which means I can apply for 80% LTV. Then wait for TOP to move in.
Which would be a better option?
I currently own a HDB Premium Executive Apartment in Bukit Panjang. I'm planning to move to another town in the near future for my child's primary school. I'm looking at new EC for my next property purchase. My current HDB loan has not been fully paid yet.
I'm thinking of two options:
1) Rent out the current HDB flat for a few years. Source for opportunity to buy an EC in my preferred town. Will sell away the HDB flat upon TOP of EC. I'm not sure what would be the implications to the bank loan for EC since I still have existing mortgage.
2) Sell the current HDB flat, obtain the proceeds and source for an EC unit which means I can apply for 80% LTV. Then wait for TOP to move in.
Which would be a better option?
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