This post is dedicated to another reader of ours who post us the following question:
Is there any difference if I use cash to pay off my mortgage and not use the cpf vs I use my cpf and then add in the equivalent in cash into my cpf account.
MORE LINKS
CPF Voluntary Contribution Rates
What to Own during Rate Hikes?
Fine Print of CPF Money Withdrawal
5 Financial Things to do in your 20s
Singapore Finance Minister on Personal Finance Part 2
Repaying CPF Accrued Interest - Why?
Reducing CPF Housing Accrued Interest
Scenario 1: Use Cash to pay Mortgage, CPF money remains in CPF.
1) You are earning interest (2.5% + 1%) paid by CPF.
2) No accrued interest from housing loan needs to be paid back when the house is sold
3) You will have less cash on hand, thus it is not recommended to ......