OT834 January 2018 at 12:24:00 GMT+8
Hi Uncle CW,
Huat ah! Power! But nowaday all use CPF to pay house. Even mandatory contribution also doesn't have much compounding effect already.
Hmm .... may be how some of you or many of you also think like OT.
Should I use CPF OA or cash to pay my home mortgages?
Three scenarios for home mortgages here:
1. No spare cash so no choice has to pay home mortgages with CPF OA
2. Use spare cash to pay home mortgages and CPF OA to earn compounding 2.5% interests
3. Use CPF OA pay home mortgages and spare cash to earn compounding investment return
1. No spare cash so no choice has to pay home mortgages with CPF OA
"But nowaday all use CPF to pay house. Even mandatory contribution also doesn't have much compounding effect already."
The response from Uncle8888 to the above statement is No hor! ...
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