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)?
Thanks your question.
If your mum is first timer in applying for HDB loan and all other criteria met then you could also apply for CPF grants to boost up your possibilities in buying a flat, such as :-
- Family Grant of $30k
- Additional Housing Grant - $20k
- No more OA Account can be used but can pledge half from the CPF which is approx $58,500.00
Please note that for all these to take place I need to have a thorough understanding the background of your case first.
Should I can be of further assistance please feel free to contact me at 81122213 . =)
Associate Team Director
Propnex Realty Pte Ltd
CEA No. R010439Z
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