Asked by Fury14
Hi,
Just wanted to ask a question. My dad(Foreigner) and I(SPR) are in a joint ownership of a condo. The loan is under both our names. I'm thinking of buying a HDB, so it is possible to just take my name out of the joint ownership but still remain servicing the loan? I have enough cash on hand to handle a 60% loan for a HDB, so that's not an issue.
If so, would it be very expensive to do it?
Thanks!
Just wanted to ask a question. My dad(Foreigner) and I(SPR) are in a joint ownership of a condo. The loan is under both our names. I'm thinking of buying a HDB, so it is possible to just take my name out of the joint ownership but still remain servicing the loan? I have enough cash on hand to handle a 60% loan for a HDB, so that's not an issue.
If so, would it be very expensive to do it?
Thanks!
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