Asked by RL
I intend to take up bank loan for HDB flat. Understand that need Bank's Letter of Offer to exercise option.
Qn: By when do I need to accept bank's letter of offer? Upon confirmation of first appointment date? Or after first appointment? My concern is that, what if the transaction does not go through (say after HDB did their checks) after I signed the Letter of Offer, then I will be penalised? So I should confirm the transaction before I sign the banks's letter of offer, which is when?
Thanks.
Qn: By when do I need to accept bank's letter of offer? Upon confirmation of first appointment date? Or after first appointment? My concern is that, what if the transaction does not go through (say after HDB did their checks) after I signed the Letter of Offer, then I will be penalised? So I should confirm the transaction before I sign the banks's letter of offer, which is when?
Thanks.
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