Anonymous
I don't like that I am currently paying my HDB with a loan. Should I rush to pay back my housing loan using CPF savings?
Or would that not be a good idea?
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At the end of the day, you have to ask yourself why are you not comfortable with this debt?
Most of the time is because most people are not fully utilising their money in their OA or Bank account.
Which makes them feel uneasy when they feel that there is a debt that they have to repay.
Why not consider a low risk investment which can yield 8% annually.
From there you can know that actually, this housing loan is a good debt which helps you not lose out in Opportunity Cost especially when you can get a higher return on your investments.
Check out my video here where i cover this topic:
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It really depends on the individual as there are a few ways to go about this.
In general, people wo...
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