bepgof 20 Report post Posted July 22, 2012 (edited) My long standing financial partner(UOB)triggered the first bullet - launch 50 yr mortgage loan for both private and hdb.Other "creative" ones will follow suit.Who win, who lose, or all get killed?Why gov allows this?Effects? Remind me of japan's "2 generation" mortgage loan system.May I have yr views, pls. Edited July 22, 2012 by bepgof Share this post Link to post Share on other sites
bepgof 20 Report post Posted July 22, 2012 If buy a house at 21, 71yr "finish" the loan.1. CPF- 50yo, contribution down.- 55yo onwards, can't use cpf to buy pty. Pay cash for another 16 yrs. No retirement liao - Meaning, if you buy pty "late", can't use cpf toward loan payment become "fast". "Existing" rules as to max mortgage loan tenure "allowed".HDB = 65-existing ageBanks = 70-existing agefor Joint tenancy, "younger" applicant's age applies.2. In line with gov's "affordability" theory/arugment?3. Sure attract the youngs, sure price up or at least maintained. Sure bubble. Share this post Link to post Share on other sites
onions2hot 0 Report post Posted August 5, 2012 I just bought a flat,the thought of paying for 30 years already stressing me,cannot imagine 50 years! Share this post Link to post Share on other sites