Asked by Faith
20% or 40% downpayment for me?
Hi, I understand that for 2nd property, one with existing mortage will need 40% for down payment. Further more, cpf can only be utilised (if first property did use cpf) after setting aside half the prevailing min. sum.
I had bought a hdb with my hubby. He is financing it with his cpf. I did not utilise my cpf at all as I had not even start work and did not have cpf at that time.
If I buy a 2nd property, can I use my cpf w/o setting aside half the min. sun? is it a 20% / 40% downpayment?
thank you
Hi, I understand that for 2nd property, one with existing mortage will need 40% for down payment. Further more, cpf can only be utilised (if first property did use cpf) after setting aside half the prevailing min. sum.
I had bought a hdb with my hubby. He is financing it with his cpf. I did not utilise my cpf at all as I had not even start work and did not have cpf at that time.
If I buy a 2nd property, can I use my cpf w/o setting aside half the min. sun? is it a 20% / 40% downpayment?
thank you
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