How many percent of your income is used to service monthly morgage?

[OngHuatHuat]

Monthly income inclusive of monthly salary, dividend income and rental income.

For me, it is around 50%, on the high side.

@sbc

 

[theMKR]

Monthly income inclusive of monthly salary, dividend income and rental income.

For me, it is around 50%, on the high side.

@sbc

They allow 50% meh?

 

[OngHuatHuat]

I applied loan when my income was much higher back than. Now I have enter semi retired stage, so cut down on my jobs already.

Moreover, roughly 40 % to 50 % of my income are rental or dividend income currently.

They allow 50% meh?

 

[mummy1234]

5.5% of my income used to service mortgage. Working 33 hrs or less a week. Not much passive income though as JB house not rented out now...mainly hubby allowance...

 

[OngHuatHuat]

Wahh, you are doing very good.

5.5% of my income used to service mortgage. Working 33 hrs or less a week. Not much passive income though as JB house not rented out now...mainly hubby allowance...

 

[limster]

in the end, all such threads end up with yyhwin and mummy1234 discussing how many properties they own.

 

[mummy1234]

Wahh, you are doing very good.

Still find it difficult to save with kids tuition, food, maid, holidays,transport and my kids asking for new handphone yearly when it spoils...

 

[Sai777]

Monthly income inclusive of monthly salary, dividend income and rental income.

For me, it is around 50%, on the high side.

@sbc

Div got more than $100k per year?

If have, you are on the right side of semi retirement

 

[OngHuatHuat]

I thought your husband manage to find a high paying job?

You only paying 5.5 % for your mortgage, this is really amazing.

Still find it difficult to save with kids tuition, food, maid, holidays,transport and my kids asking for new handphone yearly when it spoils...

 

[OngHuatHuat]

No, I think only 20 plus k currently.

Div got more than $100k per year?

If have, you are on the right side of semi retirement

 

[mummy1234]

I thought your husband manage to find a high paying job?

You only paying 5.5 % for your mortgage, this is really amazing.

Yeah he did...we earn about the same now....

 

[mummy1234]

No, I think only 20 plus k currently.

That is still commendable...

 

[OngHuatHuat]

I put it in Malaysia government Amanah Saham, similar to fixed price unit trust, yearly interest around 5.5 - 6 % actually. Convert back to sgd around 20 k sgd.

That is still commendable...

 

[OngHuatHuat]

This is a good news. It is like a jet plane flying with double engine.

Yeah he did...we earn about the same now....

 

[cheongking888]

My is $500 per month from my pay.

The rest of the mortgage is met by the rents I collected.

 

[OngHuatHuat]

My is $500 per month from my pay.

The rest of the mortgage is met by the rents I collected.

This is good.


The 500 is from CPF or cash?

 

[SBC]

Thanks, Yeo for creating this thread.

 

[dry_county]

Take home salary is about 43%.....

 

[Thoreldan]

None...no debt at the moment

 

[ren900214]

25% if considering bonus and aws. Hope we can have more cash + OA than mortgage balance within 10 years.