07 Jun 2019
Me and my fiancé are renting a studio apartment and our lease will be up next March. We are planning to get a house but we did not want a BTO (need to wait 3-4 years). Should we get a balanced flat or resale flat or just extend lease and get a BTO?
We do not have much savings, + / - about 15k and servicing a car loan too.
If you can find a good SBF, and you don't wanna wait, I'll choose that.
Renting is also an expense, extending your lease just to get BTO also might not make the best financial sense especially if it can go immediately towards paying down your mortgage.
View 2 replies
Extending your lease can be seen as money down the drain, good to put it towards paying instalments ...
Read 8 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts