Anonymous

14 Aug 2020

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In regards to taking a HDB loan for bto initially, how much are we able to refinance with a bank loan in the future?

Does the up to 75% of house value condition still hold? if we do not want to fork up extra cash on hand for refinancing, does this mean we have to at least pay off 25% of the house value first?

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Chuan lee

14 Aug 2020

From my understanding, you can do HDB loan at 90%, then refinanced fully to bank loan.

Some people do recommend waiting of few months before refinancing.

I do know there is refinancing fee, inflexibility of bank loan repayment, unable to go back HDB loan etc to take account to.

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