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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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1 Answer

Ben Tan
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Hi, you mentioned that you paid $200k. I am assuming this is your CPF and sis? Those that are returned to CPF can be used for subsequent housing needs. If you intend to use HLE again, pls be aware of their conditions. You can call me Ben Tan at 97607123  to clarify further. Read More
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