Originally Posted by
linchong84
Hi,
Will like to seek the help of experts here for 2 questions:
(1) When applying for a home loan for a private condo, do banks consider both me and my girlfriend's combined earning power or only mine? (we are only planning to get married/ROM only 2 years later, so at the time of applying for the loan, our status will still be single)
(2) I calculated roughly a $700k loan for a condo will mean around loan payment of $2,800/mth. Can my girlfriend's and my CPF be utilised to pay this monthly loan amount or we can only use cash to pay the bank? If can use cpf, how much is the max we can use per month?
Advance thanks for your kind advices!
Alan