AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I have a 4-room flat with outstanding hdb loan around 120k. Flat is under father's and my names. I just got married and not sure if want to put my spouse's name in. Her cpf will clear the outstanding loan. Or should we buy a new hdb or condo under our names. My father's cpf is insufficient to purchase his own flat.
0 •
482 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,

Your case is clear. If you choose to remove your name, your dad need to repay the CPF plus interest which you have contributed. Hence you and your spouse need to work out the financial status with your father before moving on.

Regards
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions