My Answer with regards to your Question:
It seems like the issue you're facing is related to the HDB loan amount being lower than expected, based solely on your partner's income. Here are some suggestions to address this:
Private Bank Loan: Consider exploring the option of obtaining a private bank loan. Private banks may have different eligibility criteria and lending limits compared to HDB loans, so it's worth checking if you can secure a higher loan amount from a private bank.
Reassess HDB Loan Eligibility: You can reach out to the HDB officer handling your case and inquire about the possibility of reassessing your HDB loan eligibility. Ask if there are any additional forms of income or factors that can be considered to potentially increase the loan amount.
Financial Situation: Reflect on your financial situation and check if there are any factors that could affect the loan amount, such as employment stability, ongoing loan repayments, or credit history. Ensure that your financial records are in order and highlight any positive aspects that may support your loan application.
Ownership Status: If you're not listed as a co-owner of the property, your income may not be considered for loan assessment. Discuss with your partner and the HDB officer if there are any implications or options related to ownership status that could impact the loan amount.
Seek Professional Advice: Consider consulting with a financial advisor or mortgage broker who specializes in HDB loans and property financing. They can provide personalized advice and assistance tailored to your specific situation, helping you navigate the loan application process more effectively.
By exploring these options and seeking guidance from relevant parties, you can hopefully find a solution to address the issue with the HDB loan amount and proceed with your SBF unit booking smoothly.
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