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snaem85

30 Years House Hdb Loan

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工字不出头 . This is the first time I'm understanding the lyrics of this song with English subtitle provided.

Edited by gemini
 

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New to this forum. Oh apologies for resurrecting year old thread. I suppose times have changed with regards to MS, VL etc etc. now I am 36 guess I'm no where near you guys. What you guys suggest pay up loan lump sum or just pay over the loan period?

 

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New to this forum. Oh apologies for resurrecting year old thread. I suppose times have changed with regards to MS, VL etc etc. now I am 36 guess I'm no where near you guys. What you guys suggest pay up loan lump sum or just pay over the loan period?

It will defer as everyone's financial situation and risk appetite is different.

If you are very risk averse, just pay up lump sum.

Willing to take more risk ? Just pay up the min required (CPF wipe off) and invest your cash in other vehicles - Equities etc

Or calculate a balance between the 2 and pay up lump sums of more than 5K every 3-6 months to decrease the loan taken (pay less interest over the loan tenure)

 

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