AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I am currently a co-owner of a 4 room flat with my parents bought in 1998. My name was added in to help pay for the monthly HDB payment in year 2008 as due to my parents are not working. What can i do now if i am going to get married and wish to own my own house?
0 •
807 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Evening Andy,

You will need to check a few things:
1) Is the unit purchased with grant or directly purchased from HDB?
2) Does your parents have enough funding to repay the amount of CPF contributed by your, along with the interest?
3) If there's insufficient funding, can your parents obtain mortgage loan to resolve it?

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted
  • AW
    Replied
    1) Not sure on this. Should be with grant as I remember the HDB staff told me my first chance is used.
    2) No. They does not have sufficient CPF
    3) No. They are not working so I don't think they can loan.

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions