Is it wise to switch from HDB loan to bank loan now?

• Yes. Always go for bank lower interest.

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• Never touch hdb loan, unless really no other choice. 1) wipe out most your CPF, 2) higher mortgage interest 2.5%, (3) if paying monthly instalment by CPF the accured interest will be terrible when you want to sell your house. Meaning a big chunk of cash will go back to CPF. (Not enough $$$ to pay the next downpayment)

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• Take max loan tenure, then pay using cpf slowly. Unless you are retiring soon then you want to clear the debt.

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• But need to check your eligibility with the bank 1st

https://www.propertyguru.com.sg/property-guides...

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