Advertisement

Sj Oh

04 Mar 2020

∙

Is it better to pay off the mortgage as quick as possible or leave the cash to investment and compound enough to buy a second property?

Scenario: just bought a 3 room BTO; thinking of a private condo for second condo in the Long-term. Which would be a better option in this scenario?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Davin

04 Mar 2020

First of all, you are not eligible for 2nd property until MOP (min 5 years later).

After 5 years, you are subjected to 7% ABSD for your 2nd property.

IMO, this is not worth it once you need to pay the 7%.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

If I have enough to pay off my home loan, should I pay it off or use the money to invest elsewhere instead? Don't wanna have debts, but also read that it's dangerous to lock up cash in property...?

If a person has got enough cash to pay for a private property in full, is it advisable to do so? Or will it be better to still get a loan?

Is it a wise move to clear your first mortgage loan fast? So that we could buy a second investment property with higher LTV?

If my OA is sufficient for down payment for BTO, is it better to invest the cash flow reserved for down payment now or continue saving and pay the debt when buying BTO?

If I have extra cash eg. 50k is it better to pay off HDB since the interest is 2.5% or is it better to put in to investment?

Related Posts

If I have enough to pay off my home loan, should I pay it off or use the money to invest elsewhere instead? Don't wanna have debts, but also read that it's dangerous to lock up cash in property...?

If a person has got enough cash to pay for a private property in full, is it advisable to do so? Or will it be better to still get a loan?

Is it a wise move to clear your first mortgage loan fast? So that we could buy a second investment property with higher LTV?

If my OA is sufficient for down payment for BTO, is it better to invest the cash flow reserved for down payment now or continue saving and pay the debt when buying BTO?

If I have extra cash eg. 50k is it better to pay off HDB since the interest is 2.5% or is it better to put in to investment?

Advertisement