Hi,
1) Theoretically it is best to use only cash to pay for the house.
2) We are the first in the world to make use of retirement funds to pay for our housing in the 70s'.
3) The CPF was initially designed just for retirement. It was after many appeals from the ground that allowed us to utilize certain funds from the CPF to assist us to own a home.
4) The interest rate provided for our CPF account is considered quite a good deal even in today's market.
5) You have to weigh the opportunity cost you will gain with your existing cash and the interest gained from the payment to your CPF account to justify your action.
Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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