facebookWe used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think? - Seedly

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@L

@@ Lim

Level 2

10 Jun 2019

Events

We used CPF to pay HDB. But after we fully paid using CPF after 25 years loan, we sell the house to buy another, why are we still paying the interest in the loan when the CPF money should belong to us? What do you guys think?

Discussion (7)

What are your thoughts?

Gabriel Tham

Gabriel Tham

02 Mar 2019

Level 14·Tag Team Member at Kenichi Tag Team

U are not paying to cpf. U are paying to yourself the interest u would have earned if u didn't use cpf for house.

You're paying yourself the interest that CPF would have paid to you had you not used OA to purchase the flat. So it's still your CPF money at the end of the day. You can use it for your next purchase, right?

Nicholes Wong

Nicholes Wong

02 Mar 2019

Level 10·Diploma in Business Management at Nanyang Polytechnic

This is why the speakers are recommending to not use cpf for house if possible. Because not only you...

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