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lancer6238

Taking Bank Loan To Buy Hdb Before Selling Current Flat

By lancer6238, in Finance and Insurance

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lancer6238    0

lancer6238
Posted

Hi all,

I have taken an OCBC loan for my 5-room HDB flat, and I intend to move soon. My preference is to purchase another resale HDB first before I sell my current flat, which means I have to take up another bank loan (I'm not eligible for HDB loan) for the new flat before I put my current flat on sale.

My question is, will my maximum loan limit be lowered because technically I already have a bank loan, even though I will definitely repay it fully once my current flat is sold within 6 months? If this is the case, what is my maximum loan limit?

Thank you.

 

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