Good afternoon, Downpayment will depends on the loan tenure taken (max 30 years or up to retirement age) and any outstanding loan. If you don't have any outstanding loan, it will be 20% (5% cash and 15% CPF or cash if shortfall) provided you can obtain 80% loan. And if you have outstanding loan, it will be 50%. 25% cash and 25% CPF/ cash if shortfall. Yes you will be able to use the CPF OA funds to finance the downpayment but do take note as you have utilized CPF OA funds for your current property, you have to set aside a minimum sum of $74k in your CPF OA+SA account before you can use the excess to finance the downpayment. If you don't have enough for downpayment, you can seek bank for bridging loan as you have a signed OTP and repay back when your CPF OA funds are refunded from the sale. Hope my explanation helps. If you need any further clarification or assistance in your property needs, feel free to contact me. Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com
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