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Asked by Mr. L H 4 Mar 2014

What happens to my existing mortgage if I sell my condo and buy a new one? Do I have to take a new mortgage for the new condo which has worse terms and rates than my current mortgage?

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Ken Tan · Answer 1 · 2014-03-05T11:46:11+08:00

Ken Tan

Replied 5 Mar 2014

Dear Mr LH, I second Rix. You will have to apply for a new mortgage when you purchase a new condo. Should you require concessions, you might want to speak to your personal banker. Regards, Ken Tan www.property360.sg Read More

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