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Hi,

If I am current co-owner of HDB but we will adjust the loan so that only 1 owner pays fully for the loan (her OA has enough to pay full month instalment), can I buy a Condo and apply for 80% bank loan (5% cash payment) ?
Since I will no longer have a 1st loan / HDB loan to my name.

Thanks.
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1 Answer

Mike Lim
Replied
Evening Justin,

Being the co-owner, the computation and assessment of your upcoming loan will be based on the existing loan.
Hence it's quite unlikely for you to obtain a 80% loan.
Do feel free to contact me, if you require any assistance from my personal banker.

Mike Lim
 96929209 
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