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Me and my wife are planning to sell our 5rm flat once we have fufilled the MOP. Take for example if we manage to sell our current house at $450k, with an outstanding balance of of $200k. After which, we intend to downgrade to a 4rm flat costing $380k. Intending to take a bank loan to service the mortgage of the new house. So how much money will be returned to CPF account and how much cash proceeds can we expect to receive for the sale of the current house, based on the figures given?
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2 Answers

Mike Lim
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Evening Rahim,

With the expected selling price and outstanding loan, I will also need to know how much CPF OA and interest have being used. It would also be good to know if there's any outstanding upgrading cost applicable.

Do feel free to contact me for further discussion.

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