Asked by Polar Express
I intend to seek refinancing on a pte condo I purchased almost 1 yr ago to pay off outstanding hdb loan of my parents' hdb.
I purchased it at $800k back then at 90% loan. Assuming its current valuation has gone up to $880k, will I get a refinanced of up to 80% of the current $880k only?
If only 80% of its current value is all I can get now, that means the refinancing will not help free up any cash for me, am I right?
I purchased it at $800k back then at 90% loan. Assuming its current valuation has gone up to $880k, will I get a refinanced of up to 80% of the current $880k only?
If only 80% of its current value is all I can get now, that means the refinancing will not help free up any cash for me, am I right?
796 views
