Asked by Anonymous
Im a 35 single looking for a 3-room resale flat.
I had my HLE approved and currently looking for a unit.
I have a few question regarding the purchase of a resale unit.
For example, I found a unit at 300k.
1. If after valuation by HDB, they value it 310K. I should be able to secure a loan up to 90% if the remaining lease cover up to me being 95 yrs old?
2. The remaining 10% can be paid off using my CPF?
3. If the unit doesn't have remaining lease up to me being 95 yrs old, does that mean my loan from HDB will be pro-rated? If yes, the balance can it be paid off by my CPF?
I had my HLE approved and currently looking for a unit.
I have a few question regarding the purchase of a resale unit.
For example, I found a unit at 300k.
1. If after valuation by HDB, they value it 310K. I should be able to secure a loan up to 90% if the remaining lease cover up to me being 95 yrs old?
2. The remaining 10% can be paid off using my CPF?
3. If the unit doesn't have remaining lease up to me being 95 yrs old, does that mean my loan from HDB will be pro-rated? If yes, the balance can it be paid off by my CPF?
244 views