Sep 2012 BTO

[noel13]

saw the HLE approve short of 5k to meet the 90% price

Hello Suzuka. If yours is a BTO than no worries !!!

 

[shootingstar88]

Haha. Saw it.. interesting.. hhaa.. but ii taking hdb loan.. however the ahg still can cover the amount of cash I need to fork out for my 10% downpayment.. haha..

I think settle the 1st 5% first.. hahaha.. i'm sure u r eligible for the staggered downpayment scheme too right?
my ahg not alot.. add in the stamp fees n legal fees, not only not difference but ahg cant even cover my stamp fees alone! so in the end, have to depend on ourselves.. lol

and if u mention ur ahg can cover ur 10%.. means alot... if u dont mind sharing, how much are u eligible for? 30k?

 

[porkcutlet]

I thought ahg will be credited into your cpf and you can use this money for stamp and legal fees since stamp and legal fees can be paid via cpf monies?

 

[suzuka88]

Hello Suzuka. If yours is a BTO than no worries !!!

yes mine is BTO , lucky apply AHG and CPF still can cover....


if think HDB should let people get the HLE 1st then select flat so that u know the fund enough.

 

[fantasticfox]

yes mine is BTO , lucky apply AHG and CPF still can cover....


if think HDB should let people get the HLE 1st then select flat so that u know the fund enough.

the correct procedure is to apply for HLE first. many don't follow this.

 

[shootingstar88]

the correct procedure is to apply for HLE first. many don't follow this.

but funny thing is that the HLE must be valid during the signing of the lease agreement. considering the fact that the signing can take place approx 4 months or longer from the selection date, the HLE will definitely expire and will have to extend again...

 

[suzuka88]

the correct procedure is to apply for HLE first. many don't follow this.

then they should ask us get HLE 1st in the letter when inform us the Q no ...

i didn't even see anything about HLE in the Q no letter

 

[fantasticfox]

the validity period vs the flat selection date is indeed strange. i just remember reading on HDB's site about applying for HLE as the first step, so as to gauge your options.

the departments within HDB are probably not communicating well.

 

[fantasticfox]

then again, maybe you can contact the loan dept to extend your HLE validity if you have exercised your option to purchase?

 

[shootingstar88]

then again, maybe you can contact the loan dept to extend your HLE validity if you have exercised your option to purchase?

ya... but double job right? haha! will have to do that when i receive news on the date of signing of lease agreement.. informed and clarified with the hdb officer alr.

 

[fantasticfox]

ya... but double job right? haha! will have to do that when i receive news on the date of signing of lease agreement.. informed and clarified with the hdb officer alr.

the complications arising from not knowing your HLE are even worse, IMO. at least the 'double' work is just a quick call.

 

[UpperCut]

the complications arising from not knowing your HLE are even worse, IMO. at least the 'double' work is just a quick call.

HDB did advice everyone to do a quick survey on their eligibility to purchase a flat / secure a loan before balloting. During the first signing of OTP, your salary is also verified by the staff. In that case I don't see much reason your HLE will be unsuccessful if one follows the procedures

 

[suzuka88]

that why i said , in the letter that inform u the Q no must inform the applicant to apply HLE 1st then go to select flat ....

my case is ask 6 mth pay slip and cpf. then officer pass me the HLE form . after select my unit ...will cause heart attack if the amount not enough ..

 

[noel13]

that why i said , in the letter that inform u the Q no must inform the applicant to apply HLE 1st then go to select flat ....

my case is ask 6 mth pay slip and cpf. then officer pass me the HLE form . after select my unit ...will cause heart attack if the amount not enough ..

No need to worried so much for the initial HLE loan.
After selecting your desire unit. Pay 2k which is refundable.
On this particular point you can applied your HLE.

Take note that this first application of HLE is only to make sure you are eligible for a loan.

Than when you are about to collect your key.
Hdb will ask you to send in your new income.
They will access your income and will allocate a new sum of loan for you.

Hope this explanation helps.

 

[Myst90]

I think settle the 1st 5% first.. hahaha.. i'm sure u r eligible for the staggered downpayment scheme too right?
my ahg not alot.. add in the stamp fees n legal fees, not only not difference but ahg cant even cover my stamp fees alone! so in the end, have to depend on ourselves.. lol

and if u mention ur ahg can cover ur 10%.. means alot... if u dont mind sharing, how much are u eligible for? 30k?

If eligible only able to get 20k.. however still in doubt whether it will be approved.. haha.. but now just let nature take its course. Haha..

 

[Myst90]

I thought ahg will be credited into your cpf and you can use this money for stamp and legal fees since stamp and legal fees can be paid via cpf monies?

The amount when approved will be credited into yours and your partner cpf oa account.. however, this ahg money would not be able to use to pay off the stamp andegal fees as stated in hdb website.. hope this helps..

 

[porkcutlet]

The amount when approved will be credited into yours and your partner cpf oa account.. however, this ahg money would not be able to use to pay off the stamp andegal fees as stated in hdb website.. hope this helps..

Thanks for clarifying!

 

[shootingstar88]

the complications arising from not knowing your HLE are even worse, IMO. at least the 'double' work is just a quick call.

but they are usually quite slow in getting things done. just hope they will extend the HLE in time to come before the signing.

 

[shootingstar88]

If eligible only able to get 20k.. however still in doubt whether it will be approved.. haha.. but now just let nature take its course. Haha..

haha, at least better than mine if approved, like 4x.
let's hope for the best?
any updates on the site lately?
just noted that they took down the signage that's all..haha

 

[fantasticfox]

but they are usually quite slow in getting things done. just hope they will extend the HLE in time to come before the signing.

from what i know, you can let your HLE officer know your selection date, and they will try to get it to you by that date.