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

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?

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    What are your thoughts?

    Gabriel Tham

    Gabriel Tham

    02 Mar 2019

    Level 14ยทTag 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.

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      Nicholes Wong

      Nicholes Wong

      02 Mar 2019

      Level 10ยทDiploma 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 have to put back the accrued interest yourself, you also lose out the interest that CPF gives you. You dont just simply lose 2.5%.

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        I think another way of looking at it is that the money within CPF is your own money. Instead of inve...

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