Asked by kkren1
Hello. I am intending to sell my 5rm HDB Flat and get a condo. I have 2 questions regarding this.
1) If i were to sell my HDB and get a condo around the same time, would i be able to get a bridging loan to pay for the down payment as i would only get the proceeds of selling the HDB later.
2) I used my CPF to pay for the downpayment and montly mortgage for my HDB. After selling the HDB and the proceeds gets recredited back to my CPF, can i use the funds in my OA account immediatey towards my new home or is there a restriction on the time frame i am able to use?
1) If i were to sell my HDB and get a condo around the same time, would i be able to get a bridging loan to pay for the down payment as i would only get the proceeds of selling the HDB later.
2) I used my CPF to pay for the downpayment and montly mortgage for my HDB. After selling the HDB and the proceeds gets recredited back to my CPF, can i use the funds in my OA account immediatey towards my new home or is there a restriction on the time frame i am able to use?
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