Asked by Anonymous
I sold my BTO last year due to divorce. Currently looking to buy a resale HDB with my partner and I understand that HDB has this clause whereby if I am taking a 2nd HDB Concessionary Loan, I will only get to keep only 50% of the cash proceeds, or S$25,000, whichever is higher from the sale of my previous flat.
May I know how is this going to affect my partner and I if we still want to take up a HDB loan? She is a first-timer. Is 50% of my cash proceeds needed as an upfront payment or, will this amount be deducted from my HLE to reduce my loan amount?
May I know how is this going to affect my partner and I if we still want to take up a HDB loan? She is a first-timer. Is 50% of my cash proceeds needed as an upfront payment or, will this amount be deducted from my HLE to reduce my loan amount?
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