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Thread: Refinancing Qn

  1. #1
    Join Date
    Jun 2013
    Posts
    11

    Default Refinancing Qn

    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

  2. #2
    Join Date
    Apr 2011
    Posts
    1,099

    Default

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

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