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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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2 Answers

Mike Lim
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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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OHMYHOME PTE LTD
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