Asked by Anonymous
My Husband and I bought a landed house 3 years ago and we have an outstanding loan of approx 500k with 7 years left (it was a 10 year loan). The house was bought under joint tenancy.
However, I have been looking into buying another condominium unit (Budget approx 1 million) in District 9 or 10. But with the ABSD increased to 10%, is it a wise decision to do a decoupling so I can buy the condo by myself while he will finance the existing house? What are the steps to doing a decoupling?
We are both Singaporeans.
However, I have been looking into buying another condominium unit (Budget approx 1 million) in District 9 or 10. But with the ABSD increased to 10%, is it a wise decision to do a decoupling so I can buy the condo by myself while he will finance the existing house? What are the steps to doing a decoupling?
We are both Singaporeans.
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