HDB Question

iam7377

iam7377

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Should I fully pay up my BTO now or slowly pay it finish.

I left around 90K, but both wife and me have around 40K each in our CPF account.

Will keeping it in CPF earn more interest for me or clear finish my loans then slowly build up my CPF be better...
 
jeffprobst

jeffprobst

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iam7377 said:
Should I fully pay up my BTO now or slowly pay it finish.

I left around 90K, but both wife and me have around 40K each in our CPF account.

Will keeping it in CPF earn more interest for me or clear finish my loans then slowly build up my CPF be better...
Click to expand...
i will pay off everything. but some will say lose opportunities to use the CPF sums for investment.
 
AnTzX_

AnTzX_

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iam7377 said:
Should I fully pay up my BTO now or slowly pay it finish.

I left around 90K, but both wife and me have around 40K each in our CPF account.

Will keeping it in CPF earn more interest for me or clear finish my loans then slowly build up my CPF be better...
Click to expand...
keep until a good amount den pay once a while in lumpsum tis will help in cutting down the interest paying... :o
 
purplewave

purplewave

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moi have more than enough cpf oa to pay off the balance, but i chose to pay monthly
 
ribena.bing

ribena.bing

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if not selling, no point paying off

compare opp costs.
cpf loan is 2.6%
interest on cash is 3 to 4%

as long as i can get better returns more than 2.6%, why will i use cash to pay off?

if i use 90k pay right now. i lose the interest of 4% on the 90k? just to avoid paying 2.6% interest?

doesnt make sense right brother
 
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