Mar 14 2016, 08:14 PM
QUOTE(rockagal @ Mar 10 2016, 09:17 AM)
Good day.
Need your advise on housing loan. I'm interested to get a second hand house. It's a apartment worth of 400k. I have some amount in EPF account 2. This is not my first home as I already have joint loan with my dad for another house. But I'm not paying for the house as it's rented already. The SNP is under my dad's name but loan is under me and my dad.
To buy this apartment can I withdraw from account 2?
I donhave enough cash with me.l but I really want this house. Is there anything like 100%loan that I can apply? Please advise. Many thanks.
P/S: sorry for the poor English
You can do mark up loan, provided you're buying below market price.Need your advise on housing loan. I'm interested to get a second hand house. It's a apartment worth of 400k. I have some amount in EPF account 2. This is not my first home as I already have joint loan with my dad for another house. But I'm not paying for the house as it's rented already. The SNP is under my dad's name but loan is under me and my dad.
To buy this apartment can I withdraw from account 2?
I donhave enough cash with me.l but I really want this house. Is there anything like 100%loan that I can apply? Please advise. Many thanks.
P/S: sorry for the poor English
Account 2 will only be paid out to you at the end of the transaction, you will have to fork out money first for all the initial cost.
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