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I own an EC which had already MOP. My intention is to sell and move EM as my kids are growing up and need space. But the problem is both me and my wife ran into some financial difficulties and cut story short, we are placed under Debt Repayment Scheme. We have never defaulted in our mortgage instalment. So my question is.

1. Can I still get a bank loan while under DRS?
2. Is it advisable to move to old EM should we need to pledge our house for FRS when we retire at 55?
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3 Answers

OHMYHOME PTE LTD
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Landon Chew
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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.

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Landon Chew
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landonchew@email.com Read More
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John Lai
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Hello there!

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John Lai | 黎潍铭
 8444-0899  | john.lai@kwsingapore.com
Associate Growth Manager 
KW Singapore Real Estate

Top Achiever Agent 2023 (PropNex)
Top Achiever Agent 2024 (PropNex) Read More
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