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Hi,

Yes if you have other investment opportunities where the funds on hand can be deployed for better returns. Also, to some its better to take the max loan since we probably would only buy properties once or twice in our lives, its not always we can take the max loan. As we get older the max loan tenure and amount we can qualify for also decreases. Taking a higher loan from the onset gives you flexibility to adjust later, as you can always refinance again later. This is however at the expense of higher interest costs. Hence its best to weigh the pros & cons when doing so, too high leverage is also a stressful situation to be in.

May I understand your plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
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Assume bank interest rates is 2%.

You loan $100k and 2% interest is charged on this amount although you have this $100k cash on hand. People who do not take risk will unlikely pay for this 2% interest if they already have $100k cash.

Investors will look for investment products or projects that generate above 2% interest rates and put this $100k into investment that generates better returns than the interest rates. So even after paying 2% interest, you will still have some additional cash from the investment returns.

Point to note, all investments involves risk. Higher returns are usually associated with higher risks. Do your due diligence before putting money into any form of investment.

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Regards,

Geryl LIM
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Hi,

Cash is king, of course it best to obtain the highest loan possibility by the bank. Later part, you can decide whether you wanna to fully utilize the approval loan amount.

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In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Hi buyer,

If the increased liquidity is beneficial to your investments/business (if any), why not? You could also consider this option if your returns from these funds are higher than the loan interest.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More