can we we mortgage or refinace our HDB flat if said it's fully paid?
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can we we mortgage or refinace our HDB flat if said it's fully paid?
Existing HDB mortgagors can choose to transfer their remaining mortgages to the banks if they wish to refinance their loans with the banks.
Mortgagors who refinanced their existing HDB loan with the bank will not be allowed to refinance that loan with HDB subsequently.
PR flat owners who have refinanced their HDB loan with the bank also cannot refinance that bank loan with HDB after they have obtained Singapore Citizenship even if they are eligible for an HDB concessionary loan. Instead, they can enjoy the HDB concessionary loan when they next purchase an HDB flat, subject to their loan eligibility at the point of application.
does that means we can cash from the bank or the money will go back to CPF?