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Hi Alan,
Different people will have different opinion on this matter. There is no right or wrong decision. It depends on what is your thought and wants.
For me, I am in the same position as you 6 years back. I preferred to clear off my HDB loan with all my CPF. I preferred to have 1 house which is fully paid, while I go for my private. Should anything happen, I still have my fully-paid HDB to fall on as a shelter. Debt free is what I want then. Then I use the rental income from the HDB to pay for my private house installment.
Though CPF gives you a higher interest rate, I still preferred to empty my CPF. I can share with you more privately, just drop me a text or call me for more discussion.
All the best.

Kind Regards
J.A.Goh
ERA Branch Division Director
HP: 96390350 
Email: gohja@singnet.com.sg Read More

Hi Alan,

There are different opinions and arguement for each. Over here it is difficult to spell everything out.

The considerations are:
(a) Objective & emotion consideration
(b) Current & future investment plan.
(c) Age
(d) Retirement plan
(e) Stability of household income

Following are the list for objective consideration:

(1) CPF OA offered 2.5% interest
(2) Bank loan is 1.X% interest to service
(3) 2nd loan can only loan up tp 50%, while 1st loan can get up to 80%.

You earn better interest by keeping them in CPF OA, at least 0.5% more.
Just for comparison sake, calculation are not absolutely correct, as you have to understand compound interest accumulation and mortgage loan are not constant every year.
Loan (1.8%) > CPF OA (2.5%) using 25 yrs loan period as an example
$500K > $400k;
Interest paid/yr = $4,800
Interest earn/yr = $13,600

Thus it is obvious that to keep status quo is a better option as of today using only objective consideration.

It also dependent on your future plan before jumping to conclusion which is better, as things can change anytime.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi Alan,

Before you commit to any decision, I would like to speak to you with regards on how you can optimize your CPF funds in the best possible way.

I can also propose to you a plan for you for your future, when your MOP is met.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Whatsapp to 8279 8327 

Our charges are 1% commission for sales ..

Owners / landlords need property agent in sg ( agt ) to rent out or sale of your property
please contact handphone whatspp text to 8279 8327 

Xu zhen feng
R05-7810C / L300-9250K
Orangetee & Tie Pte Ltd
8279 - 8327

Or you have more questions such as ?
Sg buying / selling house ?
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WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ” Read More

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ” Read More