Hi,
1) CPF RA and loan from HDB are 2 different things.
2) CPF RA is for retirement, whereas a loan from the HDB is based on your income to determine your loan capacity. You would be able to get a loan from the HDB if you are retired without any fixed income.
3) If you have utilized the HDB loan twice, you will have to appeal for the 3rd. The interest rate for the 3rd HDB loan is going to be much higher than the 2.6%.
4) If your sale proceeds had been locked by the CPF up to the amount of FRS ($192,000 in 2022). Then you can appeal to the CPF to release funds for your next purchase.
5) Under normal circumstances, the CPF will allow you to utilized up to $96k for your next purchase.
6) If your RA only has $96k (BRS), then the maximum amount the CPF will allow you to utilize would be limited to $36k so as to keep at least $60k in your RA.
7) If you don't even have sufficient funds to match the BRS, this shall depend on how you appeal to the CPF to release sufficient funds for your next purchase.
8) More doubts on the RA, you may write into the CPF by logging using your Singpass and drop them a mail at cpf.gov.sg.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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