Reader says…
I have been following your blog for a few years and am grateful for the nuggets of wisdom that you post on your blog.

I bought a resale HDB flat that is of the same age as me and by the time I fulfill the 5 years MOP, the remaining lease would be 59 years.

In other words, I understand that there would be certain restrictions on the use of CPF for potential buyers of my flat.

Older HDB flats with remaining lease of less than 60 years are problematic.)

However, I am not intending to sell the flat as I think the lease is sufficient and the flat is big enough.

To pay for the flat, I took up a bank loan with 2 years fixed interest of 1.58% and am currently using my CPF OA to pay my monthly mortgage.

I am thinking since I don’t intend to sell the flat, I might as well not repay the accrued interest and …