AskGuru Q&A Community

Morning,

Since you have indicated that you want to use your CPF OA to fully paid off your upcoming purchase, the full figure from your OA will be deducted to pay for the purchase.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Good morning buyer,

Do take note that your CPF OA funds will only be refunded within 2 weeks after your sale's completion then it can be utilised fully for the purchase.

If you have to take up a loan, you can utilise CPF OA funds to finance your monthly mortgage repayment as well.

I hope I never misinterpret your query. If I do, kindly correct me via email or mobile.

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.tan@propertyavenue.com.sg
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

If you intend to use CPF OA fully for your purchase, all of the full amount will be withdrawn towards your purchase. Any balance of the purchase price needs to be funded by a loan. The monthly mortgage repayments can be funded by your CPF OA, if there are still incoming contributions from your employment every month.

Thanks and hope it clarifies. May I assist with your purchase further?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon buyer,

If you pay your purchase fully in CPF, the only monthly CPF contribution to your account will be from your employment. You don't have to top up your CPF account if you use it to purchase a HDB.

Your CPF funds wont disappear unless you are going to use them on other purposes.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.tan@propertyavenue.com.sg
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More