Asked by Anonymous
This may sound like a noob question. I currently own a 5-room HDB flat, with my sister and parents. The 2 of us are currently financing our home with a HBD loan, so deducted through CPF. We bought the flat 8 years ago at $274K, but it is now valued at $450K. We have paid $200K. Our balance mortgage is $195K. Now I am planning to move out since I just got married. My question is, will I lose anything if I pull out? 450K - 200K (goes back to CPF) = $250K 250K - 195K (balance mortgage) = $55K 55/2 = $27.5K --- Is this the "profit" I stand to lose?
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