Asked by JAYSON TAN
Hi,
Some questions I have on the new home rules introduced.. I owned a HDB flat and have already paid off the mortgage loan and stayed more than 5 years. So if I were to buy a private property now, can I:
1. Loan up to 80% from bank? How much need to be paid in cash and can use from CPF?
2. Do I need to set aside a sum of money in my CPF ordinary account e.g. 65k, for this 2nd property purchase?
3. Stay in the new private property I bought while renting out my HDB?
4. Any other things I need to note?
Many thanks!
Some questions I have on the new home rules introduced.. I owned a HDB flat and have already paid off the mortgage loan and stayed more than 5 years. So if I were to buy a private property now, can I:
1. Loan up to 80% from bank? How much need to be paid in cash and can use from CPF?
2. Do I need to set aside a sum of money in my CPF ordinary account e.g. 65k, for this 2nd property purchase?
3. Stay in the new private property I bought while renting out my HDB?
4. Any other things I need to note?
Many thanks!
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