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I have cash out on my 1st home equity and just enough for 20% payment on my next desired property. My 1st property is only in my name. Is it legal to purchase the 2nd property using the cash-out from 1st propoerty in my wife's name to enjoy 20% down-payment ? (assuming she can get 80% loan)
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1 Answer

William Koh
Replied
Hi Dhruv,

Yes, it's definitely legal.
I will be glad to assist you with the search for your next purchase.
Please do contact me.

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Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
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  • BS
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    Thank you. I was told that MAS policy that another loan cannot be used for 20% payment. Any comments ?

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