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Hi,

They have to take loan under their names for the purchase, while you can help them to fund the mortgage using cash. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Hi,

If your parents wants to buy a HDB resale flat, they have to be able to qualify for a loan.

If they qualify for the loan, you can help them out with the repayment of the loan using cash.

If they do not qualify for loan, either due to their age or lack of income, they can only choose to purchase a flat that they can fully pay using their cash and CPF savings.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More