Anonymous

28 Jul 2021

∙

Should one aim to pay off his housing (a new BTO flat) loan asap or stretch to the maximum number of years of repayment?

Pay off his housing loan asap or not?

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Chris

29 Jul 2021

Owner and Writer at Tortoisemoney.com

With the interest rates being so low at the moment and HDB loans essentially at 2.6% forever, I would stretch it as far as i can. I'd say housing debt at this interest rate is what most consider as good debt so no rush to pay it off. That said, some people do get the peace of mind when they clear off their mortgage so that's ok too. No real right or wrong choice!

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PAYING HDB BTO WITH CPF, WITHOUT HOUSING LOAN Has anyone used CPF to pay for BTO without taking a loan? Is it monthly deduction or lumpsum full flat price deduction from CPF OA?

For 2 room BTO, should i apply HDB or bank loan (100k-130k). If I am taking HDB loan should i apply max loan period 25 years or pay full asap by max out my OA.

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