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I have own a 5rm HDB flat and would like to buy a upgrade HDB EA before selling as I do not have a temp stay. However how does the HDB finance loan work in such case? Do my new loan only based on the new EA selling price after wiping off my CPF balance or it take consideration of the estimated CPF return after selling off my exisiting 5rm wihtin 6mths from the EA purchase?
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3 Answers

Afternoon,

As you are buying first and selling later, you will be offered with market rate loan to start with. You will still need to prepare funds for the down payment. As to how much loan is eligible to you, it will be dependent on your age, income and credit status. Whatever shortfall will need to be paid by cash prior completion.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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