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My private condo (own stay) is currently financed by DBS bank. I am thinking to pledge my existing property to get extra cash for other investment. Is this possible? DBS bank called this as Term Loan but they told me that current valuation of my property is lower than my original purchase price and based on my existing outstanding loan balance, I can't borrow any term loan. Is there any other banks I could explore? Indicative valuation is abt $600k (I paid $638k a yr ago) and my loan balance is $420k now. I am using CPF to serve my instalment also. I hope to hear your advice soon.

Best Regards

YEO