Accured interest

[celong27]

May I know anyone regret put as much money as possible to reduce the accured interest and fully paid their hdb in the end left with not much hard cash at all please?

 

[rizhal]

May I know anyone regret put as much money as possible to reduce the accured interest and fully paid their hdb in the end left with not much hard cash at all please?

I will regret.

Cash is king.

 

[d3fc0n]

not selling dont need care accrued interest

 

[yves]

Dont bother about interest, its ok.

 

[lampano]

Just like those keep topping cpf only too be pwn later?


Yea many here

 

[PikaPika33]

stay until die no need care

 

[1982-1994]

Tiagong AI can be waived as long as your RA hits FRS at 55

 

[celong27]

Cos now my accured interest is almost 20K already really very worried want it to reduce hdb loan left 50K but don't quite like the unit

 

[dnsfpl]

no one use cash to do redemption 1 lar
usually is get 6-8 months bonus, then do partial redemption

we still continue our loan despite having enough to fully paid our unit
cos if we do full redemption, next time wanna decouple, then not enough cpf to cover

 

[celong27]

How about if use as much cash as possible to pay down the hdb loan please? What are the pros and cons? Mine is 2005 resale unit

 

[rizhal]

Cos now my accured interest is almost 20K already really very worried want it to reduce hdb loan left 50K but don't quite like the unit

If you are under 55 and selling your unit, just price your HDB higher to cover the CI.

 

[celong27]

Icic so why do the property experts advise use as much cash as possible for housing please? Put in cash and when sell off get back more sales proceeds?

 

[celong27]

Hihi good morning anyone can kindly advise please? Thanks so much...

 

[mastermember]

May I know anyone regret put as much money as possible to reduce the accured interest and fully paid their hdb in the end left with not much hard cash at all please?

Do this only when your income allows the savings of about 30 to 40% of takehome pay, plus cover your normal monthly expenses and have bonuses that you can dump into lump-sum payment towards the HDB loan.

 

[hammerhammer]

Usually is use bonuses de cpf to redeem the loan every 2 3 years depending how thick it is. No one will use cash one lah.

 

[Zze121]

accured int apply when selling
$ goes into cpf
next $ cum out of cpf for next flat
no diff to me

when loan cleared, is approaching 55yo, time to collect excess $ above frs, $ flow back to pocket again

not gonna use all saving to clear loan
but clear oa for loan

 

[Forever84]

What’s there to worry about? Ask agent stop fearing mongering la

the money still belong to u, if u don’t have enough cash to upgrade means u shouldn’t la

 

[Forever84]

Icic so why do the property experts advise use as much cash as possible for housing please? Put in cash and when sell off get back more sales proceeds?

Which expert? I will debate him on this.

 

[networked]

Which expert? I will debate him on this.

agent commission scarier. once gone, gone forever. lol

 

[jim889]

chiu wanna borrow $$$ of coz have to pay interest rah\

who will lend chiu $$$ for free?