May 17 2011, 08:56 AM
QUOTE(Oaks @ May 17 2011, 04:49 AM)
Locked 1 unit Type H Blk B 16th Fl. 221k after all disc with DIBS.
Problem is I got an outstanding OD of 40k (used by old man) tied to 1st home although loan fully paid. Therefor, might only get 70% loan... 2nd prop will get keys soon...
Any sifu can gimme some light of how I can over come this? Shall I settle the OD and clear my name (Prob took 1 month) or pay 30%dp or draw fr EPF? I can't decide which to use?
OD normally registered in BNM as OD facility, separate from HL, So under normal circumstances it doesn't count as another HL (housing loan).Problem is I got an outstanding OD of 40k (used by old man) tied to 1st home although loan fully paid. Therefor, might only get 70% loan... 2nd prop will get keys soon...
Any sifu can gimme some light of how I can over come this? Shall I settle the OD and clear my name (Prob took 1 month) or pay 30%dp or draw fr EPF? I can't decide which to use?
But certain bank registered it as HL,,, all you need to do is to provide the offer letter/evidence to prove it's OD rather than another HL facility.
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