Here are some signs that a homeowner is paying more home loan than they should and how a good mortgage broker can help review mortgages.
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April 23, 2023
Yo guys would super appreciate the help and advice.
So my wife (SPR) and I (SC) intend to get a house at $585k. Our total CPF OA is $56k and HLE is $423,600. We really need to max out our grant to be eligible for the flat so here's where I'm seeking advice.
We can get a proximity grant because it's 4km from where my parents live. $20k.
Our total salary is $6.7k so that means we're eligible for EHG of $25k.
There is a family grant of up to $80k.
This means we're eligible for $125k grants. Is this accurate? Is there anything I'm missing out on that I do not understand about the recent changes?
Will like to know before we make any decision because if we can't receive the grant, then we would have to fork out cash which we do not want to be in such a state. Thank you