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hi, i wish to buy a condo now, my current hdb has been fully paid (i have not used my cpf for it), my mop period just passed. which option is viable if i were to apply the condo with my wife? my objective is to take as close to 30 years loan as possible and utilize my cpf. wish to take close to 80% loan (i dont have any current mortgage loan).

Appreciate your kind advise.
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1 Answer

Mike Lim
Replied
Morning Joel,

Since you have fully paid your HDB unit via cash and fulfilled the MOP, you are eligible for 80% loan, without the need to set aside CPF minimum sum. But to get 30 years loan at 80%, it would depend on your age. My banker might be able to help you on that.

Do feel free to contact me for further discussion.

Regards
Mike Lim
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  • BA
    Replied
    thank you for the concise reply. as i just hit 36, have u come across in your experience to get a 29 year loan? the loans i see are structures 20,25,30..

    Thanks.

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