Asked by Owyong
I have bought a condo on my own in 2011 before I met my fiancée hence the loan is by myself. We are looking at purchasing another property 1 brm condo for investment purpose. My questions is if we were to purchase another property and want to take up the 80% loan, my understanding is the bank loan have to be under my fiancée name only. I need advise if I can still use my existing CPF of $30k in combination with my fiancée $120k CPF to purchase another property while the balance loan with bank will be taken under my fiancée name? Will CPF board allow me to utilize my CPF? I heard there is some minimum sum need to be kept in CPF before I can purchase 2nd property, is this true? What will be the minimum sum if this is true? The new property if purchase with my name included, are we still qualifying for 80% loan despite the bank loan is taken by my fiancée?
581 views
