I’m trying to make sense of this VL and WL HDB stuff that was usuallly ignored by many. This is in response to some Facebook questions. I don’t own a flat, I am not well verse in this. Just trying to take some time and sort it out in the head. If there are any mistakes, do let me know.

Financial Planner Wilfred Ling posted this video citing the risks that many home owners in Singapore are unaware of.

The prevalent mindset is that as long as my monthly home loan payment comes from CPF it is ok. What they are unaware of is that there are limits on how much CPF can be used such that you will need to use cash to pay your home loans even if you have ample money in your CPF.

The repercussion is that this occur a long time after you first (Read more...)