facebookI'm in my mid-30s and getting married next year. I have 30K in my OA currently, would it be better to pay a lump sum for my HDB loan first or would you advice transferring some to SA or keep in OA? - Seedly

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Anonymous

14 Jun 2020

Property

I'm in my mid-30s and getting married next year. I have 30K in my OA currently, would it be better to pay a lump sum for my HDB loan first or would you advice transferring some to SA or keep in OA?

I am in my mid-30s and we are getting married next year.

SeedlyTV S2E08

Discussion (4)

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It depends on whether you have other income sources or savings that allows you the ability not to touch your OA. If you can afford to pay the down-payment from other sources, then you can consider transferring to SA.

For my own case, I topped up the down-payment with cash as I didn't want my OA to be wiped out.

But if you do not have the means to make down-payment in other ways, using OA first is a better option.

I would keep in OA as you still need the $ for HDB

Loo Cheng Chuan

14 Jun 2020

Founder at 1M65 Movement

Basic needs must come first... housing down payment to me, is a priority.. After that, I would quick...

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