Property
Mortgage Management: CPF, HDB or Bank
By Living Healthy, Staying Wealthy  •  December 9, 2014
After a fruitful discussion with a friend who was considering among the options of (1) using CPF to pay in full, (2) take a HDB loan or (3) take a bank loan for his HDB flat, I did quite a lot of calculations, so I thought I might as well share it, in case there are others who face the same dilemma. Option 1 will need to be the reference point. Based on the assumption of $100k as a ball park figure in CPF where any other amount can be multiplied from. Time frame will be another consideration, but will pick a short time frame of 5 years and any other tenure will compound the differences further. Option 1, CPF will determine the opportunity cost which will be using (1.25^5 – 1) = $13k. Option 2 (assuming the $100k in CPF is squirreled away in a CPF investment before ......
Read the full article
By Living Healthy, Staying Wealthy
Aaron Lau is a Independent Financial Adviser licensed by the Monetary Authority of Singapore to provide financial advice to individuals in Singapore. The main reason he is in the Financial Advisory industry is to share what he has learned after studying and comparing the various insurance and investment instruments in the market. He strongly feels that proper, quality financial planning is important to all individuals and sincerely would like to reach out to help as many as possible.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance