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Hi Gurus, like your advise.
I have an o/s hdb loan of about S$124 for 19 years remaining. Would it be good to refinance it at S$100k for shorter period (eg. 10years with higher monthly repyt) or just leave it as it is? I was hoping to clear the hdb loan asap so that i have zero debt, thereafter take up another loan to purchase a pte condo for either stay/invest. This way, I may not need to fork out too much cash right? Can anyone advise if the way i think is correct?
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2 Answers

Mike Lim
Replied
Afternoon,

What I always like to tell my clients is that buying property is not like shopping in the market.
You need to work on your financial planning and investment projection, both for short and long term.
It's good that you have a brief idea of what you want, but it would be better if you can work into the details, before committing.

FYI.
Mike Lim
 96929209 
ERA Read More
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Kelvin Ng
Replied
Hi Mr Leong,

There are two side of the coins, there are some owners who choose to leverage on the low interst rates of the banks to get more out of their money, whereas there are some owners who chose to go debt free.

Each has its own set of reasons and it is difficult to fault either. Ultimatly, it will boil down to what the owner really want.

If you do not mind, why not give me a call for me to understand your needs and requirements better. That way i can provide more advice and we can take this discussion further.

Kelvin Ng
Orangetee
 9386-0900  Read More
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