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I am currently a co-owner of a HDB flat with my mother. I took over the ownership after my father's passing and paid for the remaining $16k of HDB loan with my CPF. Now, I am trying to remove my ownership from the house, so that I can apply a new or resale flat with husband. We understand that my mother have to top up the $16k. However, she is unable to so we would need to get a loan. Can we make the loan for the S$16K from the bank and the remaining 5% down-payment?
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1 Answer

Mike Lim
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Afternoon Ginny,

$16k is really a small amount. Most bank offer housing loan at $100k as base line. You might wanna look into personal loan.
Do noted that your mum need to pay back you the CPF plus interest, hence it's better to know the amount before you take a loan.

FYI.
Mike Lim
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