Arcachon
16-06-21, 09:55
If this is what you was told and doing now, you are in trouble. Talk to someone before it is too late.
When we buy a home in Singapore, majority of us will need to take a hefty home loan spanning several decades. If we’re buying a BTO or resale HDB flat, we are able to tap on the HDB concessionary housing loan, up to a maximum of 90% of the property price, otherwise, we can get a bank loan, up to a maximum of 75% of the property price.
This still means we need to fork out for a downpayment of between 10% and 25%, depending on the type of home loan that we take. To pay for the downpayment, majority of us will dip into our CPF Ordinary Account (OA) funds.
https://dollarsandsense.sg/cpf-accrued-interest-homes-will-affect-retirement-planning/?fbclid=IwAR1bygnNMi1fvNp5LWXms_dq19zd_sac62vmgc4qA9rU_QllCEOoDRQSOF8
When we buy a home in Singapore, majority of us will need to take a hefty home loan spanning several decades. If we’re buying a BTO or resale HDB flat, we are able to tap on the HDB concessionary housing loan, up to a maximum of 90% of the property price, otherwise, we can get a bank loan, up to a maximum of 75% of the property price.
This still means we need to fork out for a downpayment of between 10% and 25%, depending on the type of home loan that we take. To pay for the downpayment, majority of us will dip into our CPF Ordinary Account (OA) funds.
https://dollarsandsense.sg/cpf-accrued-interest-homes-will-affect-retirement-planning/?fbclid=IwAR1bygnNMi1fvNp5LWXms_dq19zd_sac62vmgc4qA9rU_QllCEOoDRQSOF8