Asked by Ms. Noor Suhana
I am below the age of 35 and is Single. I live with my divorcee mother who is 59 yrs old and an 8 yr old niece. We are currently renting a one-rm flat from HDB. Our combined income gross total is $3,200. I'd like to buy a resale flat with my mother. Am I eligible to take up HDB loan? And no, I'm not interested in BTOs/new flats. Our CPFs are not much but we do have a considerable amount of cash money savings.
Also, will we be able to use the amount in my mother's retirement account (RA) to pay off some of the loan or strictly just from the ordinary account (OA)?
Also, will we be able to use the amount in my mother's retirement account (RA) to pay off some of the loan or strictly just from the ordinary account (OA)?
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