I’ve been getting quite a few questions on mortgages recently. The crux of it –
whether it makes sense to repay your mortgage, instead of refinancing at ridiculous interest rates (latest rates are 4.25%). The answer is not so straightforward and a bit nuanced, so I wanted to write a post exploring this dilemma.
45 year old investor – Should he repay his $300,000 mortgage now or invest the cash?
Here’s one of the questions that I received recently. Details have been anonymised to protect the privacy of the individual:
“Thanks FH. Sorry for a really long mail but I appreciate if you can share your views on my below situation. Recently after reading your post about rising mortgage rates I was fortunate enough to lock in my current mortgage at a fixed rate of 2.75% with UOB for 2 years before...
