Personal Finance
Difference Using Cash or CPF to Pay Off Housing Mortgage
By Investment Stab  •  November 11, 2015
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 ......
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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