Asked by Buntar01
I am a Singaporean married to a foreigner. We have 2 children (Singapore citizens) below 8 years of age. We could not apply for a new HDB unit as my husband’s income exceeds the income ceiling. He could not apply for PR as he works for his government here. Singapore prohibits the taking of PR during his term. I am a homemaker since 2007, living overseas and returned in 2011.
We OTP for a resale unit but have problem securing a loan from the banks. Under the new MAS ruling, I do not qualify as I do not have a fixed income even with my husband acting as my guarantor. Even if I am to find full time employment, we may not necessarily secure the full loan amount needed. I have appealed to HDB for a HDB loan. Pending reply.
Could you please advise how we could solve this financial issue? We are not buying private property.
We OTP for a resale unit but have problem securing a loan from the banks. Under the new MAS ruling, I do not qualify as I do not have a fixed income even with my husband acting as my guarantor. Even if I am to find full time employment, we may not necessarily secure the full loan amount needed. I have appealed to HDB for a HDB loan. Pending reply.
Could you please advise how we could solve this financial issue? We are not buying private property.
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