Asked by Anonymous
Hi There
Facing an inbetween issue, therefore hoping i can get advice from here
I am 41yo and currently own a 4 room HDB since i was 27yo. Criteria back then was that my father and grandmother cannot own a property
Fast forward now, married with a 4yo, if there is a way i can purchase a HDB of my own?
Some ideas or solutions that we have come up with:
- Transfer my current property to my dad and we shift out. But my dad will need to pay back my CPF (of about $200k in cash) and also the remainder of my loan (of about $150k). A very big sum that is out of our means
Question: is there a way we can do this transfer without having to cough out $400k in cash? Is there a way he need not pay back my CPF and allow me to carry on repaying the balance of $150k. Me and my wife can take up another loan if we plan to buy a HDB?
Or we can sell away our current place. But question :
- can we purchase 2 x 4 room, 1 using my dad and another using my wife and myself? Reason being that i rather my dad not stay alone himself should anything were to happen
Facing an inbetween issue, therefore hoping i can get advice from here
I am 41yo and currently own a 4 room HDB since i was 27yo. Criteria back then was that my father and grandmother cannot own a property
Fast forward now, married with a 4yo, if there is a way i can purchase a HDB of my own?
Some ideas or solutions that we have come up with:
- Transfer my current property to my dad and we shift out. But my dad will need to pay back my CPF (of about $200k in cash) and also the remainder of my loan (of about $150k). A very big sum that is out of our means
Question: is there a way we can do this transfer without having to cough out $400k in cash? Is there a way he need not pay back my CPF and allow me to carry on repaying the balance of $150k. Me and my wife can take up another loan if we plan to buy a HDB?
Or we can sell away our current place. But question :
- can we purchase 2 x 4 room, 1 using my dad and another using my wife and myself? Reason being that i rather my dad not stay alone himself should anything were to happen
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