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I am 60 yrs old and I am planning to sell my JW HDB 3 rm flat (fulfilled MOP & $100k outstanding + $40k pledged to CPF ) for $300K plus & upgrade to resale MM condo abt. $500K.

The MM will be under me & my wife's name but my son will be helping us with the mortgage (annual income abt $100k but he did not want to add his name as only can loan 60%)

is my plan workable?
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1 Answer

Ander Ang
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Hi HDB upgrader,

It is best to speak to a banker to ascertain your loan quantum before embarking on your upgrading plan.

I can connect you to a few bankers whom i closely work with.

Also, since you still have an outstanding mortgage loan, you need to sell off your HDB flat first, before can qualify for 80% loan for your next purchase.

Please call me at 98628691  for further discussion.

Thanks,
Ander ERA Read More
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