Not Enough Cpf In Oa For 15% Dp + Stamp Duty

[matrix0405 0]

I think only condition for bridging loan is that you have to take up housing loan with the same bank.

The bank is not suppose to grant loan for the 1st 20%.

[JCase 0]

The bank is not suppose to grant loan for the 1st 20%.

This I believe is true.The 1st 20% is a combination of cash & CPF.

[bepgof 20]

This is a very helpful discussion. Well do you guys think that going through a agent is better than going directly to the bank, i am not good managing my finance. basically my agent is my dear friend to, his website is;

bridging loans

1. You've to understand yr finance position well in the first place.

2. Then decide tenor, amount, fix or variable. How much to pay per month, for how long, if interest up, got "buffer".......

3. Can ask for no-obligation quote from various banks, or mortgage loan broker.

4. Have to decide to use fix, sibor or sor......

5. If yr friend cares to "impart" his understanding/knowledge to you on this, so you can make a wise decision which suits best to yr needs, then choose him. Bankers wouldn't bother to explain these in great details, to them time is $. Labour also means $.

6. Mortgage loan is quite complicated in nature, anyway, understand the fundamentals enough liao. Go into too details you'll find yourself "lost" in nowhere.

Edited November 11, 2010 by bepgof

[therat 18]

This is a very helpful discussion. Well do you guys think that going through a agent is better than going directly to the bank, i am not good managing my finance. basically my agent is my dear friend to, his website is;

bridging loans

Hmm.. UK link

UK agent

UK bridging loans

Related to Singapore????

[mageziyx 0]

hi everyone, its been a while since I started this thread so here's what happened since:

1) went to hdb branch office to pay up my hdb home loan using CPF so as to avoid the 30% rule

2) borrowed 75% from maybank, 5 years fixed rate home loan (0.88, 2.0, 2.25, 2.5, 2.5)

3) bridged 20% of CPF money, also from maybank

4) paid the 5% + stamp duty with cash

now waiting for completion...

[bepgof 20]

Hmm.. UK link

UK agent

UK bridging loans

Related to Singapore????

Ya lor , he spring me to London.

[joyousonline 0]

for those taking bank loan, when does hdb deduct the 15% payment from our cpf after our 1st appointment?

[May_dream1 14]

for those taking bank loan, when does hdb deduct the 15% payment from our cpf after our 1st appointment?

No, the 15% payment is deducted abt 1 week before 2nd appt/completion.

After 1st appt is only stamp duty

[joyousonline 0]

No, the 15% payment is deducted abt 1 week before 2nd appt/completion.

After 1st appt is only stamp duty

okay sure...thanks for the info !!!