Refinancing Qn

[djam7773]

Hi,

Was shown to me this by my banker:

Valuation $1,100k
@80% $ 880k
Less:
Outstanding loan ($720k)
CPF Utilised ($210k)
Term loan $50k deficit

Y is the CPF taken into the equation? I still have a lock-in period of 1 and a half years.

Any advise gurus?

Thanks

[newbie11]

its a standard calc. if dont, that means you can monetize cpf to cash!!