Asked by Keng
My wife and I are currently servicing a bank loan for our HDB resale flat (non-subsidised) which was partially paid by CPF and on monthly installment.
We plan to get a private condo and service part of the first 30% using CPF. We know we have to maintain a minimum combined sum (OA+SA) of 61,500*1.5 = $92,250.
Our combined OA+SA is currently $144k, which means we can use up to $51k. However my OA+SA is below $61,500. Would this pose a problem to us in using our CPF?
Thanks for your advice!
We plan to get a private condo and service part of the first 30% using CPF. We know we have to maintain a minimum combined sum (OA+SA) of 61,500*1.5 = $92,250.
Our combined OA+SA is currently $144k, which means we can use up to $51k. However my OA+SA is below $61,500. Would this pose a problem to us in using our CPF?
Thanks for your advice!
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