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We are 35 year old Singaporean. We just sold our HDB and bought another HDB at SGD550K. Currently we have 300K CPF and 175K cash. Which loan should we go for bank loan (lower interest rate) or HLE (fixed rate)? If we intend to sell this HDB after we reach 5 years MOP, should we maximise our loan amount or we should loan minimum.
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1 Answer

Mike Lim
Replied
Morning,

Whether to take bank loan or HDB loan would depends on the preference on the owner and the market situation. To anticipate the market interest rate and situation 5 years later would not be easy. It would be better to react accordingly when time comes.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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