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I am trying to save my 2 bedroom, valuation at $700,000 from being divided at the divorce proceedings.So far now me and my wife have contributed 20% each towards the downpayment (loan 60%). Is it even possible if I managed to get an 80% loan via refinancing and then the bank disburse the 20% to me to return to my wife and then remove her from the property ownership? I know I have to consult lawyer but I want to know if this is doable or not.
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1 Answer

Mike Lim
Replied
Morning JJ,

In order for you to buy over your unit, as a divorcee, you must be at least 35y/o and above or have to care and control of your child, if you have any.
With these basic requirement met, then can we talk about having a banker to access your loan, etc.

Do feel free to contact me for further assistance.

Thanks.
Mike Lim
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