Would you recommend me to pay off my HDB loan ASAP? To minimise interest and if I get thrown out of job I don't have to worry about paying mortgage anymore?

I think at the end of the day, it always comes back to this simple economic concept called opportunity cost.

What would you have done, if you did not use the money to pay off your housing loan?

If you're able to use the funds to generate a higher return than the interest you're going to pay. By all means, don't pay down your housing loan.

If you are not able to use the funds to generate a higher return, if paying down the loan is going to be a lot better for you. Go ahead and pay down the loan.

Personally, because i am building my way towards financial independence. i would want to channel all my resources and funds to my investment to generate a higher return on investment on my funds.

As such i wouldn't want to use the funds to pay my home loan, because it's a great opportunity cost for me to do so.

The questions u should always ask yourself, with this 10k that i have on hand, can i turn into 10.5k by the end of this year. if it can beat the 2.5% interest, then invest the money. If you can't, then pay down the loan.

I went this route.

Bought a 4A resale flat in Yishun and worked hard to pay my HDB loan within 5 years and 2 months. I turned 40 this year.

People say, housing loan is a good debt. But I think the feeling of having no debt is priceless. emotional lightness, mental clarity - I feel having no loan is a huge load off my mind.

admittedly, my net worth is not high now, so I need to chiong towards saving my retirement fund, lol.

all the best!