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Anonymous

24 Nov 2020

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How much bank loan should I take to repay my HDB? Do I take the max 80% loan? What are the points to consider?

Thanks!

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1M45

24 Nov 2020

Maximum leverage, max tenture. = more cash in ur bank, positive cashflow (if u r renting out room)

If u are planing to upgrade a few year down the road. Max tenture = pay lesser using CPF.

Minimum leverage, Min. Tenture= debt free. If u intend to use the hdb as pure living, and no intend to upgrade anymore.

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