Asked by Ms. Lizawati Md. Ta'at
I am looking to sell my 3-room HDB flat in Eunos in 4 yrs time when I turn 35. This is my situation:shared ownership with parents, i am an only child, completed mortgage payment,parents have exhausted the 2 times HLE so I can't take HDB loan to buy resale flat. I can't sell it now even though I would like to because I am not eligible for a HDB loan & I am not yet 35. At 35 I am eligible to buy a resale flat, if I remain single.
However, my family is frustrated at the noisy neighbours upstairs and I want to explore this: If I buy a house now & i take the bank loan for the first 5 yrs (usually the interest rates for the first 5 yrs is lower than HDB), can i convert it to HDB loan after 5 years? Is there such a possibility?
I am NOT a risk taker and do not have housing market acumen. If you can give me advice, what do you think i should do?
However, my family is frustrated at the noisy neighbours upstairs and I want to explore this: If I buy a house now & i take the bank loan for the first 5 yrs (usually the interest rates for the first 5 yrs is lower than HDB), can i convert it to HDB loan after 5 years? Is there such a possibility?
I am NOT a risk taker and do not have housing market acumen. If you can give me advice, what do you think i should do?
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