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Hi, my fiancee is not working and does not have any CPF contribution
We're planning to get a BTO with HDB loan & she will be the co-owner of the house. Is it possible for me to pay the HDB loan by just using my CPF OA instead of both of our CPF OA
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3 Answers

Hi, appreciate your sharing. Yes you can, do state onto the HFE.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Good day to you.

The straightforward response is YES. Your HFE letter will specify the amount of housing grant you qualify for, if any, as well as the loan amount based on your income. The gap between the purchase price, CPF OA, mortgage loan, and initial downpayment, along with the difference in the monthly payment, must be covered using cash.

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Yes you can. Given your situation, there are a few other extremely important considerations and one-time decisions that you can also make upon booking the BTO that are irreversible. Depending on what you do, it could set up the both of you for the most flexibility and freedom 10-20 years down the road or lock you in for the considerable future.

If you need help, feel free to reach out below and I can advise accordingly.

Regards
Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
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