“Dear, are you sure we should take a 30-year home loan? Perhaps we should seriously consider a 25-year or even a 20-year loan instead. With our incomes, the higher monthly instalments shouldn’t be a problem. Otherwise, we could use some of our cash reserves to reduce the loan quantum. Somehow, stretching this debt to the time when we turn 55 doesn’t seem that great an idea to me” Mrs 15 HWW was really concerned when we collected the keenly anticipated keys to our brand-new BTO flat in Punggol. In exchange for a humble abode, we also had to commit to almost $300,000 of debt. All these at the tender age of 26. No wonder she was nervous and had some doubts on our decision-making ability. And she did have a point, since she’s even more risk-averse than me. With a prudent habit of keeping at least a 5 digit figure in her bank accounts, she saw little sense in paying ......