Asked by Ms. Priscilla Ding
How old is 313 Shunfu road? Is there a rule to loan for cpf ?
89 views
4 Answers
Hi Priscilla
313 Shunfu Road, Singapore 570313 has a balance lease of approximate 62 years plus as of your enquiry.
There are rules to CPF usage however the use will be determined by the age and lease balance.
You may text 9620 0827 for a casual chat.
Warmest regards
Gavin Read More
313 Shunfu Road, Singapore 570313 has a balance lease of approximate 62 years plus as of your enquiry.
There are rules to CPF usage however the use will be determined by the age and lease balance.
You may text 9620 0827 for a casual chat.
Warmest regards
Gavin Read More
Hi Priscilla,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Good evening Priscilla,
313 is 37 years old this year with balance lease close to 62 years.
If this flat cant last the youngest buyer till 95 years old, there will be restriction on hdb loan and cpf usage.
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
313 is 37 years old this year with balance lease close to 62 years.
If this flat cant last the youngest buyer till 95 years old, there will be restriction on hdb loan and cpf usage.
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
Best regards,
YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
Contact:
Mobile: 91115171
Email: yt.tan91115171@gmail.com
Do follow me on:
IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki
To find out what’s the estimated valuation of your existing house, try our SRX property tracker.
You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More
Hi Ms. Priscillia,
1) 313 Shunfu Road HDB flat has a remaining lease of 62.
2) Meaning 62 + youngest applicant >= 95, the youngest applicant will be able to fully utilize CPF OA to service the mortgage.
3) Any lower than 95 means only a certain percentage of CPF can be used, and not all funds under CF OA can be used.
4) The fact is because CPF funds can only use to pay for LTV, meaning the interest incurred will still need to use cash.
5) This was neglected by a lot of people such that when the youngest reached 50+ years old and suddenly CPF board informed that no more funds from CPF can be used to service the mortgage, and will have to use cash for the remaining installment.
6) This was encountered by a lot of people who didn't calculate properly and over-commit in their purchase.
7) The solution to avoid this is to pay part cash and part CPF in servicing their monthly mortgage so that the payment will become easier when we age.
8) Loan is tabulated using MSR which only focuses on the age and monthly active income. We have not come to the point where CPF cannot be utilized in most of our purchases, especially in HDB flats.
9) The current limitation on not allowing utilizing CPF for property purchase is on those properties less than 30 years lease.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) 313 Shunfu Road HDB flat has a remaining lease of 62.
2) Meaning 62 + youngest applicant >= 95, the youngest applicant will be able to fully utilize CPF OA to service the mortgage.
3) Any lower than 95 means only a certain percentage of CPF can be used, and not all funds under CF OA can be used.
4) The fact is because CPF funds can only use to pay for LTV, meaning the interest incurred will still need to use cash.
5) This was neglected by a lot of people such that when the youngest reached 50+ years old and suddenly CPF board informed that no more funds from CPF can be used to service the mortgage, and will have to use cash for the remaining installment.
6) This was encountered by a lot of people who didn't calculate properly and over-commit in their purchase.
7) The solution to avoid this is to pay part cash and part CPF in servicing their monthly mortgage so that the payment will become easier when we age.
8) Loan is tabulated using MSR which only focuses on the age and monthly active income. We have not come to the point where CPF cannot be utilized in most of our purchases, especially in HDB flats.
9) The current limitation on not allowing utilizing CPF for property purchase is on those properties less than 30 years lease.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More