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Im 50 years of age (officially ret @5 years time). Gross monthly pay abt $4k. Residing in Tamp 5 rm resale flat (127 sq m), bought @ $325k, mtg bal of 170k. OA bal est 100k, SA 91k, MA 41k. Honestly, wat will be the best advise, to upgrade,downgrade or remain, financially im debt free (no car nor any bank loans or whatsoever) except HDB loan. Tq.
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1 Answer

Mike Lim
Replied
Evening Ahmad,

How many people are living in the current unit with you?
Do you need should a big living space?
Why not try to downgrade to 3 room flat, where you can choose to take lower loan amount or even without loan? You can have some cash at hand and save you the effort of maintaining such a big unit.

However, it's definitely good to sit down and work out the sums and figures, before jumping into it.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
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