Anonymous

18 Apr 2019

∙

Need help and advice on how to pay back $20,000++ default on BTO downpayment?

I have been with my boyfriend/fiance for 5 years. We have a BTO and have already paid the option fee of $2000 and the initial $18,201 5% downpayment after signing the agreement for lease. Supposed to be collecting our keys in one year, but due to circumstances, we are calling off the marriage. Now we have to pay back a big sum of $20,000 ++ altogether including some money spent on wedding preparation when we are both not earning much. If any similar experiences and resolving methods please share...

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Isabella Jo

21 Jul 2018

Split 50/50 with your ex boyfriend
Use your savings
Borrow from family or friends
Take personal or credit card loan (I highly don't recommend this, due to the high interest rate).

All the best!

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Gabriel Tham

06 Jul 2018

Tag Team Member at Kenichi Tag Team

No Choice, this have to be settled between the 2 of you. Ideal is to split 50/50 between the 2 of you.

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Jacob Seet

05 Jul 2018

Your initial 5% payment will be forfeited. If you have accepted the grant from HDB you will need to ...

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Hi David, may I know on average how much downpayment for mortgage do I need to pay for a normal HDB BTO or HDB resale flat?

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