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Hello Gurus!
I would like some advice on my current situation, if possible. I have an existing mortgage (~600k principal) hitting its 3rd year by Apr2011 where I have the option to pay up partially or refinance. I have about 500k cash now which I am thinking of either investing it in a new property now or keep it till Apr2011 so I can pay off majority of my mortgage. I do not plan on taking on additional loan and my risk appetite is moderate.
Any advice would be appreciated, thank you.
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1 Answer

Terence Ng
Replied
Dear Al,

1) Check your current mortgage loan is under how many years lock-in.
2) Refinance if possible to secure for a low interest as low as 1.7%
3) Make good use of the $500k to invest into another unit. E.g. the current unit im marketing 'Montrosa' which only requires est 160k of downpayment , the installment is around 1.9k. maintenance fee is 275. The current rental is $2.5k End of the day there is still a $300 surplus for you to keep and the property is so called already finance.
4) with the balance 300k , you can either make partial or redeem outstanding loans.
A smart investor is always someone who capitalise of the funds and make money work for you. :)
I can be reached at 91599779  Read More
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