Asked by Anonymous
Hi, I just bought my HDB flat last month with my spouse and I managed to keep the first $20k (combined total) in both of our accounts.
This mechanism is only applicable for HDB loans.
It is $20k combined between both payers (not 20k each). But If u said both of your CPF gets used completely, did u have enough cpf funds for down payment (and stamp duties and legal fees)?
Otherwise u might want to check with HDB first to ensure the option u chose is recognised?
Did u also takeup the HPS since u are taking loan from hdb? I can advise a more efficient way. If u would like can add me on facebook.