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Hi,

1) If you are with the HDB loan, you won't have to worry too much because any increment in the HDB loan, the same rate is going to happen to your CPF.
2) But if you are with the bank loan, you will have to check with your banker what is the administration charges in paying lump-sum payments and the penalty for doing so.
3) Sometime this action will cost you more than the interest increment.

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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Hi,

I think a crucial question you would need to ask yourself is:

Is your existing Cash generating you returns that's higher than what the banks are charging you for the interest rates?

If you have the answer to this question, you will surely know what to do with your Cash.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More