Hi Guys,

I got 1 more query about house loan.

Let's say if I sold my house(the loan still within 3 years lock down period), can I don't settle my house loan with bank? Meaning I got the money from the buyer (let's say 300k). I use the money for other purpose but I don't use the money to off-set(or settle) the house loan, and I continue the monthly loan repayment to bank.

Is the above scenario possible?

I got a short discussion with my friend, he told me is not work that way. But both of us is not proficient in this area. Kindly help if your specialist in this area. Thanks in advance.

How do you can transfer your house ownership that is currently charge to the bank to new buyer if you don't settle your loan?

Is this even a question?

No it doesn't work.

Hehe... OK got it. Thanks... some knowledge gained.

Hehe... sorry. My interpretation for loan is poor. I learned now.

Thanks, got it!!

Yes! Can be done, if these conditions is meet.

1. ) Ask the buyer to pay cash 300K.
2.) Tell the buyer he can live in the house but the title still belong to you for 3 years.
3.) Tell him if you earn money from the investments then you pay back the bank & transfer the title to him, if not he continue to wait.
4.) Most important you need to find such fool... :lol :

Possible if TS is leng lui. We have many rich taiko here.

in easier word as long u don`t pay the loan,the house is not yours.it belong to the bank

sounds like you wanna sell your father's house ?

Is my own house, just 1 year loan.

nice flip

Nope... house is actually 8 years, but loan refinance only 1 year. Just got a target for another house.