Asked by Mr. Segar Gopal
Hi Gurus, My HDB flat is under joint tenancy and we have an outstanding loan of $195K. My wife and I have sufficient CPF to redeem the loan but have not done so at this point of time. We have also recently invested in a private property for which we are using CPF to service the loan. I'm 51 years old and my spouse is 47 years old. Pl advice should we redeem the HDB loan and what percentage is advisable as my spouse has more in her CPF. Can I use special account to redeem the loan as the amount in my ordinary account is lesser than that of special account. Appreciate your advice, please. Thanks a lot, Gurus.
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