Asked by Eugeneio
My dad had purchased a new HDB flat in 19080s once and sold it off, he also bought a resale flat once in 1990’s and sold it off. He is now retired and sold his old house to clear his debts as he ran into business problems and was a bankrupt. Now he is staying in a rented flat paying 2k a month. He has 250k left from his sales of his old house which he cant use to buy a new flat or a resale flat as it is too little. My question is can i act as his guarantor or help in his loan, I jus bought an EC with my fiancé which will TOP in Early 2015 and took a 80% bank loan. Can he buy a new BTO flat or resale flat? Are there help schemes available to help him get a new house of his own instead of paying 2k every month?
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