Asked by Anonymous
Hi there, me and my spouse currently own a resale flat and am looking to apply for a BTO flat using HDB loan.
For HDB BTO with HDB loan, understand that 10% down payment is required during lease agreement signing with remaining 15% payable during key collection.
While we should not have problem paying the 1st part of the 10% down payment, we would like to ask for the 2nd part of the 15% down payment, can we pay using the sales proceed after we sell our resale flat? Otherwise, is there other ways we can explore as our CPF or cash might not be sufficient before selling existing home. The stagged payment scheme is also not applicable for us as we both are above 30 years old.
Thanks
For HDB BTO with HDB loan, understand that 10% down payment is required during lease agreement signing with remaining 15% payable during key collection.
While we should not have problem paying the 1st part of the 10% down payment, we would like to ask for the 2nd part of the 15% down payment, can we pay using the sales proceed after we sell our resale flat? Otherwise, is there other ways we can explore as our CPF or cash might not be sufficient before selling existing home. The stagged payment scheme is also not applicable for us as we both are above 30 years old.
Thanks
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