It has been four months since I've last submitted the documents for the Housing Eligibility Loan (HLE) and Additional Housing Grant (AHG) application to HDB.
Contrary to the famous saying "No New Is Good News", I was very anxious and worried to find out about the outcome of the AHG.
If we are successful, The AHG can only be used as capital payment towards the purchase of the new flat or to reduce the mortgage loan. The grant can also be used to make the initial payment towards the purchase. However, the balance, if any, must be used to reduce the mortgage loan before a housing loan from HDB is granted.
After four long months of waiting, I've finally received the HDB letter today.
Opening the letter with much excitement, fear, and anticipation, I was so elated when I saw that the AHG has been approved, and even more excited at the disbursement amount of the grant!
Gee! What a way to enter into Christmas - Good news and Money in your Central Provident Fund (CPF)!
Can't wait to receive the letter of appointment to sign the lease soon!
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*It's the forth post for a new phase in life! Hence, no related posts yet but soon there will be!*
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