Property
HPS Singapore: Why pre-paying your home loan in 2021 is a mistake with Home Protection Scheme in place
By New Academy of Finance  •  December 18, 2020
HPS Singapore: What you need to know The majority of Singaporeans (approx. 80%) live in HDB flats. But do you know about the Home Protection Scheme (HPS Singapore)? Maybe not. For young Singaporean couples looking to buy their first HDB BTO, do take note of this scheme which is mandatory if you intend to use your CPF funds to pay for your monthly home loan installments. In this article, I will briefly discuss: 1) the basics of Home Protection Scheme (HPS Singapore), 2) where to find your own personal Home Protection Scheme (HPS) information (if it is eligible to you), 3) why you should not be actively pre-paying your HDB loan and 4) why choosing a term insurance loan might be more appropriate vs. Home Protection Scheme (HPS). What is Home Protection Scheme (HPS Singapore) Home Protection Scheme (HPS Singapore) was introduced to protect...
Read the full article
By New Academy of Finance
I have got no sob-stories to entertain ya. I am just a regular joe, happily married, with two “highly energetic” young boys that can never seem to settle down! Life is peaceful, or if you wish to put it with a tad of negative connotation to it, BORING. Some say boring is good!
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance