BANKS in Singapore have started a mortgage war, spurred by the lower interest rate for a longer duration, to the delight of the legions of home buyers who are pouring back to a buoyant residential market. DBS no longer sole provider in three-year fixed-rate space; BOC’s package has varying yearly rates; OCBC conspicuous by its… Continue reading Mortgage Loan Comparison For 3-Year Fixed Rate Packages
Category: Financing
Rushing To Buy HDB Might Be A Big Mistake
Have you heard common financial advise asking you to “Come on, pay off your home loan as soon as possible so you will be debt free”. While this might apply to many other neighbouring countries, In Singapore, rushing to pay off your HDB might be a big mistake. And that applies to any form of… Continue reading Rushing To Buy HDB Might Be A Big Mistake
CPF Interest Lost Overtime
Do you know that when you use CPF to pay for your HDB, you are incurring INTEREST LOSS! If you use 200k of CPF, you will lose 128k in 20 years’ time! You will have negative sale (ie will not get back any cash) the longer you hold on to your HDB. For example, Sale… Continue reading CPF Interest Lost Overtime