Asked by Mr. CT Chia
Hi, we owned a 11yrs old HDB flat which has just been fully paid off. This is a resale unit which we bought and had stayed for 5 yrs. We plan to upgrade to EC but we do not have cash for the 20% downpayment.
We cannot sell the HDB now and use the cash to pay for the downpayment while waiting for the T.O.P of the EC.
Can we pledge our flat to secure some forms of bridging loan and pay off the loan once we collect the key for the EC and sell off the HDB? Or any good suggestions?
We cannot sell the HDB now and use the cash to pay for the downpayment while waiting for the T.O.P of the EC.
Can we pledge our flat to secure some forms of bridging loan and pay off the loan once we collect the key for the EC and sell off the HDB? Or any good suggestions?
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