Hi,
I have been following your blog for last two years and would like to have your opinion on whether to pay off my mortgage or to invest the money I have in my bank.
I have a mortgage loan of S$327,000 of 12 yrs tenor at current interest of 1.625% per annum. Following year about 1.9% to 2% per annum. Currently, I have about S$200K idle in my bank and do not know whether to pay off the mortgage or invest it in bonds, etc. I was advised to invest in UOB United SGD Bond, but I'm not sure about it.
Appreciate your professional opinion on the matter. Thank you.
Best Regards,
M
Hi M,
Alamak. I am not a professional. So, if you want a professional opinion, I have nothing to offer you. -.-"
This is my unprofessional opinion:
You managed to lock in interest rates of less than 2% on your home ......
