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Good day to you,

Upon reviewing your inquiry, it appears that there have been no CPF contributions from your spouse's income. If she is a co-owner of the property or has not yet reached retirement age, she can still utilize the funds available in her CPF OA for housing purposes.

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Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Good day to you,

If your spouse is a co-owner of the property and has not yet reached the retirement age, you both have the option to apply to utilize her Central Provident Fund (CPF) Ordinary Account (OA) to cover the monthly mortgage installments. This can be a beneficial financial strategy, as it allows you to leverage her CPF savings to ease the burden of mortgage payments. To proceed, ensure you gather all necessary documentation and follow the requirements set by the CPF Board for the application process.

Navigate Property Decisions with Confidence

With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

I offer in-depth knowledge in:
Ø Estate Planning and Distribution: Planning for the future can feel daunting. Let’s work together to create a smooth, transparent process that brings peace of mind.
Ø Divorce: Navigating property settlements during a divorce can be challenging. I provide expert guidance to help you achieve a fair and efficient outcome.
Ø And More: From Power of Attorney to navigating financial challenges, I handle various situations to address your concerns and empower you to move forward confidently.

Schedule a Free Consultation Today! Let's discuss how I can assist you in your property journey. For more informative insights, follow our short video here: https://www.youtube.com/@YourSGHomeCompass-MLnU.

Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Hi, appreciate your sharing. Unless she is included as owner or purchase, then able to use her CPF OA. If not she have to begin declaring for next year NOA, before able to loan and purchase an unit together under joint scheme.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Dear sir,

As long as your wife is a co-owner of the property and has funds in her Ordinary Account, these funds can be utilise to pay for the property as long as she has not reached her retirement age.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
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Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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1. If your spouse co-owns the property and is below retirement age, you can apply to use her CPF Ordinary Account (OA) funds to pay monthly mortgage installments.
2. This approach can help reduce your cash outlay by tapping into her CPF savings for loan repayments.
3. Make sure to prepare all required documents and comply with CPF Board procedures to successfully submit the application.
4. Utilizing both owners’ CPF accounts can provide greater financial flexibility in managing your mortgage.
5. Always check current CPF rules and guidelines, as they may affect eligibility and withdrawal limits.

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