Asked by Leon Lim
Hi Guru,
I have some matters pertaining to my purchase of a resale flat.
Me and my wife have decided to purchase a 5-room resale HDB flat in Sengkang. The valuation is $400k and asking $20k cash.
Our combined CPF is $35k, HLE is $672k and we are applying for Housing Grant of $30k.
I would like to know how much cash I need to prepare for the entire purchase. I asked the agent but this young lady is unsure.
Since my HLE is $672k, does it mean that I can borrow up to $672k?
Please kindly advise. Thanks.
I have some matters pertaining to my purchase of a resale flat.
Me and my wife have decided to purchase a 5-room resale HDB flat in Sengkang. The valuation is $400k and asking $20k cash.
Our combined CPF is $35k, HLE is $672k and we are applying for Housing Grant of $30k.
I would like to know how much cash I need to prepare for the entire purchase. I asked the agent but this young lady is unsure.
Since my HLE is $672k, does it mean that I can borrow up to $672k?
Please kindly advise. Thanks.
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