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Hi, We are a Married couple, we are currently trying to buy a HDB 03 resale flats. We are told buy HDB that we are under 2nd timers. This is our 2nd marriage as our 1st marriage both have used HDB Grants once. We have gone to RCs to ask to purchase using CPF but was told that we have to get Bank Loan, My credit's not that good, but both combine me and wifey have atleast $250 000 in CPF combine.Pls assists us what should we do? We do not own any house right now for atleast 10years. We currently renting a room and my son doesn't stay with me,he is staying with my ex for the past 07years due to i dont have a house. :(
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1 Answer

Mike Lim
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Morning,

Since both of you have utilize grant for your previous property with your ex-spouses, you will be required to fork out 50% of your cash proceeds on your previous sales as both of you are looking into HDB loan. By getting bank loan, you will only be required to prepare 5% cash upon getting 80% loan approval.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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