Asked by Anonymous
Hi. I need some good advice. I am earning about $6k mthly. My wife and I have a combined income of $7.5k per month. I have some credit rating problems previously about 5 years agao and till date I have been paying monthly instalments to these banks diligently. In fact, I will be paying off all my bank loans fully by November 2011 under some debt relief programme. I am thinking of selling my current HDB flat and calculated that I will have est cash proceeds of $150k and combined CPF of $150k. Will I be eligible to get a housing loan for the purchase of my next property? (Be it HDB or private)I am not eligible for anymore HDB loan. Will it be better if I go for rental in the propery market? Can anyone please give advice?
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