Earlier this week, Heartland Boy and Heartland Girl went to the lawyer’s office to sign their new home loan facility agreement. This was the next step after accepting DBS’s Letter of Offer in June. Before making their way to the lawyer’s office, a key decision was made on how to split the home loan repayment expenses between the both of them. Heartland Boy believes that that decision could have a profound impact on their ability to invest in real estate in the future. Here is how he optimises his home loan repayment strategy after refinancing. But before he gets to that point, it is also important to provide the background so as to set the context right.

HEARTLAND BOY’S CURRENT HOME OWNERSHIP SITUATION

1. CURRENT 3BR BTO IS TOO SMALL

When he and his fiance applied for a BTO back in 2014, they had chosen a smaller-sized HDB flat to increase their chances of getting a well-located HDB flat.