HDB Concessionary Flashcards by Penelope :)))

Q

common sources of debt are housing loans by commercial banks and HDB

A

HDB Concessionary loans
Bridging loans
Bank Mortgage loans
Refinancing.

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Q

Loan Ceiling formula

A

LTV X VL

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Q

HDB Housing Loan Eligibility Conditions

A

one buyer is SG citizen
gross income up to $14,000 for families ($21,000 for extended), $7k for singles
not taken 2 or more HDB loans
last property not private
do not own more than 1 market/hawker stall/commercial/industrial property
must not own/dispose private rei property within 30 months before application
remaining lease is more than 20 years & covers youngest up to 95 years

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Q

A

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