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I owned a HDB and intend to upgrade to an EC as a second timer. Assuming the price of ec unit is 700k, understand that 5% cash is required upon booking, = 35k. Another 15% from cpf in 9 weeks time, =105k. As my current flat is still under loan, I dont have much cpf OA left (about 70k plus my wife's). Is this how ec payment works? Any alternative or solution for my cpf shortfall besides coming out another 30-40k cash?
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2 Answers

Hamzah Salleh
Replied
Hi, the scenerio payment given is not true as you might not eligible for 80% loan i.e, 5%cash and 15% CPF as you have projected cause u are still owning your HDB flat. For 2nd loan will be at 70% with 10% cash and the rest can use CPF if eligible. Call me for alternative solutions to this problem.

Regards,
Hamzah Salleh
Team Director, ERA
Mobile : 97765656  Read More
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Victor Ho
Replied
Good day,

do you have an existing mortgage?

But you can opt for deferred payment scheme to loan up to 80% for 2nd mortgage.

Dont miss upcoming new punggol, woodlands, fernvale and upper serangoon ec!( i have details on my hand)

Please contact me at 9858 6078  for assistance.

Regards,
Victor Ho
ERA Realty Network Pte Ltd
 9858 6078  Read More
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