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Hi Sir,

Yes, you can utilize your CPF monies for your downpayment as well as your monthly mortgage installment.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) You can use CPF to service the monthly mortgage.
2) You can also use both cash and CPF if your monthly CPF contribution is insufficient to cover the monthly mortgage.
3) You are also allowed to utilize your fund in your CPF OA for the down payment, stamp duty, and legal fees if there is sufficient funds.
4) Note that by using a bank loan, you have to fork out a 25% down payment where 5% must be in cash, but the 20% can be cash and/or CPF.
5) Make sure both of you fulfilled the 3 years minimum period of being an SPR before being eligible for resale HDB flat.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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