mageziyx

hi everyone, its been a while since I started this thread so here's what happened since: 1) went to hdb branch office to pay up my hdb home loan using CPF so as to avoid the 30% rule 2) borrowed 75% from maybank, 5 years fixed rate home loan (0.88, 2.0, 2.25, 2.5, 2.5) 3) bridged 20% of CPF money, also from maybank 4) paid the 5% + stamp duty with cash now waiting for completion...

Thanks bepgof/spikey for the info! As guessed correctly, I'm looking to purchasing a pte resale...guess I would have to take up the bridging loan in order to claim from cpf and hope buyer can let me stay longer if needed... if only the banks can accept cash as collateral for the bridging loan instead... then can take my time to sell the flat...

Hi all, first time selling my HDB flat and purchasing a private property but do not have enough CPF in OA for the 15% down payment plus stamp duty. Trying to avoid using up my cash if possible, thus trying to find out if there are ways around this. I understand that bridging loan can be repaid by the CPF proceeds from the sale of the HDB flat but it requires OTP to be exercised, which makes the schedule very tight... Anyone aware of any banks that allows bridging loan even without an exercised OTP but using other forms of collateral (cash)? Or maybe one that allows the OTP to be produced at a later time? Is there any other way I can 'claim' from CPF proceeds beside using bridging loan (other types of loan)? Can I use cash first and then claim from CPF proceeds? Many thanks in advance for the advice!