During my in-camp reservist training a few months ago, I had a conversation with one of my army buddies regarding his matrimonial home in Clementi. He purchased the HDB flat with his wife and funded it with HDB concessionary loan about four years ago. I asked him why he didn’t look around and source for mortgage loans with lower interest rates instead. His reply to me was, “Why go for the hassle? Out of sight, out of mind!” His response might sound cocky to many people but to me, he is just being stupid and careless with his money. Given the low interest rates for mortgage loans, he had effectively lost about $5000 in terms of higher interest incurred in the past four years. This amount of money could had been put to better use instead of giving to government agency (HDB). For example, he could have used the ......