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Anonymous

Edited 26 Jul 2021

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If I had $500k cash and was looking at a 500-600k resale HDB, is there any logic in just taking a $250-300k loan and investing the remaining money instead?

Wife and I are are 35 and 40 respectively and the resale HDB is 47 years old. It’ll allow us to stay in a specific area that we want to be for location and convenience.

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Discussion (3)

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Neil

29 Jul 2021

Personally, I would take up loan given the current low interest rate and then invest the cash for long term.

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Caleb Seah Hua Xiang

29 Jul 2021

Take the loan.

Set aside 12-24 worth of installment aside,

Invest the rest in an index fund (S&P500)

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Chris

26 Jul 2021

Owner and Writer at Tortoisemoney.com

Yup that's what I would do even if I had the whole amount in cash on hand, especially with the low i...

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Related Posts

For a single, what are the considerations to look out if one want to buy a 3 resale flat as investment? Should one take up HDB or Bank loan?

Is MIP (Mortgage Interest Policy) compulsory for all HDB unit? I am taking UOB home loan for HDB resale purchase. Was advised to take MIP from the HDB instead from the bank as it'll be cheaper. Is this true?

I have 1.8 million home loan (0.68% interest rate) & spare cash 500k. Should I partially redeem the loan or any suggestion to use the 500k for other investments to take advantage of low interest rate.

I’m currently paying my hdb loan half with cpf half with cash. As we know money used from cpf will snowball with accrued interest. Assuming you have cashflow, do you recommend using all cash instead?

Hi if I sold off my resale and applied a HdB BTO I was told 50%cash cream off apply. I have no intention to take on hdb loan bt to pay off in full using cpf . Does 50% cream off apply? Any advice?

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