AskGuru Q&A Community

Good morning EC upgrader,

Normally if you do a partial redemption during a lock in period, the monthly repayment will decrease while repayment period remains the same. But you will have the option to refinance to a shorter repayment period after the lock in period.

I can get my banker (the best person) to advise you on this.

Which new EC are you thinking of applying?

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Dear sir/madam,

I believe YT has given you a good summary of the possible scenarios for partial redemption, however, if you are comfortable with the loan repayment amount as of current, would it be more sensible to utilise the cash proceeds for other forms of investment to grow your wealth instead? Perhaps investment into a small commercial property which can generate decent rental returns will be a more attractive option?

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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