HLE enquiry

[xVrooMx]

Thanks for your reply. Just went in to check and mine is still under review.

no problem! maybe call hdb up and ask them y so long?

Can ..haha ..mine less than 48hrs approved .
Im surprise too .. tot 2 week

yea man... im damn surprise i still kanchiong thinking if appt come but no hle how haha nvr expect so fast approved.

 

[Silvialite]

no problem! maybe call hdb up and ask them y so long ?

They did get back to ask for more documents. But no more updates after that

 

[xVrooMx]

They did get back to ask for more documents. But no more updates after that

I see, then probably give them another 2 - 3 days bah... hopefully it will be done by then...

 

[~sabaisabai~]

Thanks for your reply. Just went in to check and mine is still under review.

You submitted all the relevant documents?

 

[Delsamor]

Is there a cap on our monthly cpf money in OA used to pay for the monthly loan? If my monthly cpf is $500, can I use all $500 for the monthly repayment or only a % can be used?

 

[Gixxerfied]

Is there a cap on our monthly cpf money in OA used to pay for the monthly loan? If my monthly cpf is $500, can I use all $500 for the monthly repayment or only a % can be used?

Can use full on the portion going into your O/A..No issue..

 

[Delsamor]

Can use full on the portion going into your O/A..No issue..

Ah nice, no need to jump window liao..

 

[Gixxerfied]

Ah nice, no need to jump window liao..

But anyway, it's like specify how much from this acct then the rest from the other acct..

And take note O/A contribution percentage goes down once u hit 35..

 

[Delsamor]

But anyway, it's like specify how much from this acct then the rest from the other acct..

And take note O/A contribution percentage goes down once u hit 35..

Jia lat like that...really have to jump if not enough. Do u know if we can ask general enquiry at hdb hub? My case a bit special, their website faq don't have the answer.

 

[mojokawa]

Jia lat like that...really have to jump if not enough. Do u know if we can ask general enquiry at hdb hub? My case a bit special, their website faq don't have the answer.

go take Q number and look for duty manager.

 

[Gixxerfied]

Jia lat like that...really have to jump if not enough. Do u know if we can ask general enquiry at hdb hub? My case a bit special, their website faq don't have the answer.

Call in and ask...

 

[lolBoy]

Hi,

any encountered or face with such scenario
Applied for HLE, quit existing job and looking for employment elsewhere.

May I know if the above will cause any issue when applying for say SOBF?

 

[~sabaisabai~]

Hi,

any encountered or face with such scenario
Applied for HLE, quit existing job and looking for employment elsewhere.

May I know if the above will cause any issue when applying for say SOBF?

Call HDB to ask

 

[lolBoy]

Thanks! I just called them as well.

 

[Jj31123456]

What if HLE isn't enough what should I do? Go for bank loans?
Looking for ready SBF flat this time round and it estimated to cost around 400k and according to HLE online I'm only given 238K .. we do have CPF saving but not much around 30k only .. is it possible to negotiate with HDB to give me around 90% loan ?

 

[Silvialite]

What if HLE isn't enough what should I do? Go for bank loans?
Looking for ready SBF flat this time round and it estimated to cost around 400k and according to HLE online I'm only given 238K .. we do have CPF saving but not much around 30k only .. is it possible to negotiate with HDB to give me around 90% loan ?

Forfeit house

 

[Gixxerfied]

What if HLE isn't enough what should I do? Go for bank loans?
Looking for ready SBF flat this time round and it estimated to cost around 400k and according to HLE online I'm only given 238K .. we do have CPF saving but not much around 30k only .. is it possible to negotiate with HDB to give me around 90% loan ?

Nope

HLE is based on ur combined income and they see that 238K is the comfortable amt they can loan you..

You also need to understand that $238k for 25 years is $1080/monthly..Is your combined CPF O/A contribution enough or do you have to top up with cash?

O/A contribution percentage drops once u hit 35 years old..

As for bank loan enough their loan would be higher..You need to know if u use bank loan, downpayment would be 20% of which 5% must be in cash and 15% by CPF..

5% for a $400k flat is $20k cash
15% of $400k is $60k CPF..

Of cos you can apply for AHG/SHG grants to help out but how much is your combined income and has one of the 2 applicant been working for 12 consecutive months prior to application?

 

[Jj31123456]

Nope

HLE is based on ur combined income and they see that 238K is the comfortable amt they can loan you..

You also need to understand that $238k for 25 years is $1080/monthly..Is your combined CPF O/A contribution enough or do you have to top up with cash?

O/A contribution percentage drops once u hit 35 years old..

As for bank loan enough their loan would be higher..You need to know if u use bank loan, downpayment would be 20% of which 5% must be in cash and 15% by CPF..

5% for a $400k flat is $20k cash
15% of $400k is $60k CPF..

Of cos you can apply for AHG/SHG grants to help out but how much is your combined income and has one of the 2 applicant been working for 12 consecutive months prior to application?

Has been working for 12months alr but one of us still a part time degree student so wonder if isit possible to appeal with HDB for 90% of the loan. Yes bank do give higher loans but we do not have 60Ks in our CPF and 20k cash.. Just submitted the SBF application. I heard MP letter can help to get higher HLE loan amount.. HDB isn't that affordable after all

 

[Gixxerfied]

Has been working for 12months alr but one of us still a part time degree student so wonder if isit possible to appeal with HDB for 90% of the loan. Yes bank do give higher loans but we do not have 60Ks in our CPF and 20k cash.. Just submitted the SBF application. I heard MP letter can help to get higher HLE loan amount.. HDB isn't that affordable after all

If the shortfall is abit($10-15k) then yes, might be possible..If it's over $50k then hard..

Part time student is working full time job right?

How much is ur combined income now if i may ask?

 

[Jj31123456]

If the shortfall is abit($10-15k) then yes, might be possible..If it's over $50k then hard..

Part time student is working full time job right?

How much is ur combined income now if i may ask?

Working full time job. Combined monthly income below 4K .. AHG + SHG is around 55k. Still 100k short.. LOL ..GG