Asked by Ms. Ju Muhammed
Hi team,
I'm an SC and my husband is PR. This is our first marital home. No other property in our names. We have enough cash for downpayment + BSD but i hear if we apply for a joint mortgage we'll be subject to ABSD. How do we apply for remission of ABSD and how quickly can we get the approval? We'd like to budget our spend before we shop for a place, right now if we need to shop then apply, we run the risk of not having enough for the cash upfront. Has anyone faced a similar situation?
I'm an SC and my husband is PR. This is our first marital home. No other property in our names. We have enough cash for downpayment + BSD but i hear if we apply for a joint mortgage we'll be subject to ABSD. How do we apply for remission of ABSD and how quickly can we get the approval? We'd like to budget our spend before we shop for a place, right now if we need to shop then apply, we run the risk of not having enough for the cash upfront. Has anyone faced a similar situation?
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