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OlympicDreamer 31-08-2014 10:21 AM

HDB Loan Shortfall
 
Hi all,

I selected a HDB Unit(BTO) with my dad, cost 270K.
Estimated loan only can take up to 170K.
Cash + CPF currently at 33k.

When must we pay the shortfall of 67k?

If it's during key collection, it won't be a problem.
If it's a few months after hdb selection, hg liao..

3G SAINT 31-08-2014 11:51 AM

Quote:

Originally Posted by OlympicDreamer (Post 88171028)
Hi all,

I selected a HDB Unit(BTO) with my dad, cost 270K.
Estimated loan only can take up to 170K.
Cash + CPF currently at 33k.

When must we pay the shortfall of 67k?

If it's during key collection, it won't be a problem.
If it's a few months after hdb selection, hg liao..

:)Are your HDB loan is final:)

You need to redo your HLE when collect your key:)This is the final loan you will loan.If still have 3 yrs to collect key and ur salary might increase or have some saving so might able get higher loan;)

You should try talk to HDB officer how to get higher loan;)

Assume you have pay downpayment 10%=$27,000.

You need loan=$270,000-$27000=$243,000.
If your cpf OA got 20k so you need loan $223.000.:D

OlympicDreamer 31-08-2014 08:23 PM

So if loan not enough, when I need to pay the difference to top up?

Gixxerfied 31-08-2014 08:29 PM

Quote:

Originally Posted by OlympicDreamer (Post 88181845)
So if loan not enough, when I need to pay the difference to top up?

Before key collection and after final HLE assessment..

OlympicDreamer 31-08-2014 11:14 PM

Quote:

Originally Posted by Gixxerfied (Post 88181971)
Before key collection and after final HLE assessment..

Ok, thanks!


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