Asked by Sharon Lee
My hubby & I are owner of a 5-room HDB which we have been staying for 7yrs. Recently, we rent out our unit and we intend to buy a private pty in the North using our existing CPF funds. But, only juz last nite, did we realise that we need to have minimum sum of $58.5K each in our CPF before we are allow to use our CPF to finance our 2nd property. Ahhhhhhh!! We budget to buy a $600K pty. With our CPF untouchable and our cash at only $60K (10%), we would like to loan 90% loan instead of the usual 80%. We need advice on the interest rate imposed by various bank and what we need to do to chk if we are entitled to 90% loan.
888 views
