Been paying using CPF for my first flat (resale) without cash top-ups. I also have about 80k in my OA. Should I use a portion of my OA to clear my hdb loan? Why or why not? Thanks!

No way. Now T bills interest higher than HDB loans. Invest in T bills instead

• I would drag as long as possible.
• Once you fully paid your mortgage, your $$$ will stuck in your HDB.
• Unlike private property, you can only sell your hdb if you want to extract money from your property.
• If u pay with OA, most of your $$$ will go back to cpf + accured interest. Leaving you with not much ca$h.
• Also, currently Tbill is high, just keep rolling your OA.

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• You can grow you wealth much faster for staying in debt than paying it off.
• Growing money is a multiplication game, the bigger sum you have the faster it grow. So stay in debt.

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This is my strategy for my housing loan, upto you if you want to adopt it.

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My goal is to balance out both my cashflow and CPF deductions. Not to high using CPF that i will deplete it and miss out in the OA interest rate, and not to high also in the cash side that ill have monthly cash flow problems. I have no plans to sell my HDB flat so im ok to go the whole nine yards to pay off my loan as per its current tenure. it also help my credit rating in SG.

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Though i always stash away in my OA account 24 months woth of my Housing loan amortization. This is just in case i lose my job and really be in a tight cash situation, i can make use of it for 24 months to pay off my loan until my next job.

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I have my SA in FRS already so cant top up there anyhow and Medisave on its limits, so almost 8 out of 12 mos, i get my medisave and OA contributions all in my OA.

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Everyone have diff strategy. I prefer clear debts as debts tied down some career option especially redue the potential to join other job oppor