hdb cpf repayment transfer

[pleeted]

i just started work nt long ago with cpf, as far as i know, the hdb i living with parents still have ard 10 yrs repayment. is it advisable for me to pay the remaining loan using my cpf account as my parents cpf have been transferred to retirement account.

or is it better to loan from the new posb hdb loan and pay by cash instead?

i heard the transfer (from parents cpf to my cpf) need to pay around 1k for the transfer fee, nt sure if its true. so ex.

i might also purchase a new hdb in future (so far no gf) so nt sure if the transfer will affect any other things or not.

hope to hear some advise from u all.

thanx.

 

[zhizhong07]

Hi

If u want to pay via cpf for the house, u will need to put your name in the deed and this will use up one time new flat chance. Beside this u also need to consider when u are getting a new flat, u might face problem of transferring because you cannot use same name for 2 flat.

 

[pleeted]

oh gosh, didn't know dat. need to waste ard 1k for the transfer fee and lower the chance to apply for new flat, not a good deal.

might need to consider posb hdb loan, will do some research, thanx.