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Old 03-08-2020, 06:11 PM   #6
NiShiZhu
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Join Date: Jan 2005
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Yes, our current home has been fully paid up. I guess the biggest advantage for me to decouple will be the flexibility to opt for a BTO or resale HDB flat after waiting out the no sale period. My greatest hurdle will be to raise the funds to repay the CPF I had used for the mortgage. Perhaps, I will need to borrow the money from my brother bt is so difficult to open my mouth.
Yes, the greatest hurdle is to raise fund to repay whatever cpf u n ur bro has contributed, plus accrued interest. So would selling off the private property makes more sense?

And also, what’s the % share ownership between the 3 of u?
If u and your brother has more % of ownership than your mum, well, then will incur more stamp duty if ur mum buys over the share from the 2 of u.

Of coz in the best setting, if your mum ownership is 98%, you n your bro 1% each, then very minimal BSD incurred.
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