Asked by Home upgrader
How do i get an in-principle loan from the bank or a bridging loan ? I'm the sole breadwinner for the family with an annual income of $125K , so can i get a loan of $800k for 30 years ?(i'm 31 yrs old)
I intend to get a condo but my CPF still resides in the loan of my hdb flat. And i have requested to surrender my flat (bought for less than 2 years) back to HDB ( due some personal reasons -surrender because i took up the grant and suppose to fulfill the MOP)
So, do i get an in-principle bridging loan from a bank, get a condo, pay for the interests incurred during the bridging period till HDB returns me my CPF then i terminate the bridging loan and start my actual long term loan ?
I intend to get a condo but my CPF still resides in the loan of my hdb flat. And i have requested to surrender my flat (bought for less than 2 years) back to HDB ( due some personal reasons -surrender because i took up the grant and suppose to fulfill the MOP)
So, do i get an in-principle bridging loan from a bank, get a condo, pay for the interests incurred during the bridging period till HDB returns me my CPF then i terminate the bridging loan and start my actual long term loan ?
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