Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (7)

I am glad that someone like Dr. Michael Leong who is well-known and respected local BB has the same view of paying off housing loan asap.

Guess who are telling you to take the longest housing loan that you can find?  Are these people from the property or housing loans industry? Think about it. You probably know them, right? May be we shouldn’t be taking advices from people who may profit from giving us such advices.

By Dr. Michael Leong

Firstly, pay off your loans

When I first started working, I was told that I should immediately take up a housing loan as it was my entitlement. Before having a job, the bank would not have granted me a loan. Hence, I was told not to ‘waste’ my entitlement and I then started …