Asked by DLT
Assuming couple clears HDB loan using CPF and some cash and purchases 2nd property (private), no matter what age they are at, will it be possible to use CPF to pay monthly loan? Is the CPF minimum sum requirement applicable to all ages or only above a certain age? How much will the normal progressive payments for new launches turn out to be for a 1.5mil property? E.g.5-10% upon piling works, then another 5-10% for the next few stages till 100% complete? Can someone share about the estimated amounts to pay for the above scenario? Usually few hundred$, then gradually more and more $ payable to the bank till the full condo is completed and loan kicks in full right?
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