Using cash to pay for housing installments

[detach8]

Re: Using cash to pay for housing installments

but for sure we all go and buy solar film from infratint. tint can take out and sell after 5 yrs?

 

[Boomerang]

Re: Using cash to pay for housing installments

What is the diff? It is either paid to your CPF or cash account. It is still your $$$.

Since my current house is my home, i have no intention to sell it till someday en-bloc it.

The difference is that you can only use CPF OA to pay for one residential property. Others you purchase have to be full cash. With the new cooling measures investors have to be cash rich to get their second property and unlock a passive income stream. Thus in my opinion holding more cash instead of more CPF if you have a choice is a good way to go.

It is more flexible and you have a choice how you invest and what you invest in. For example car loans have unfavorable compounded interest rates so best not to take a car loan but maximize your home loan (if you have to choose).

 

[Boomerang]

Re: Using cash to pay for housing installments

Also, by holding cash instead of CPF you reduce your vulnerability to new government measures. They've already changed rules several times who knows what's next?

 

[golilok]

Re: Using cash to pay for housing installments

I suggest use CPF OA for car loan since hdb and car are leasehold in Sg

 

[SapphireSpite]

Re: Using cash to pay for housing installments

I suggest use CPF OA for car loan since hdb and car are leasehold in Sg

For once having no roof over your head is a good thing .


Roooooofless rocks!

 

[Skin Fir]

Re: Using cash to pay for housing installments

Cash in hand is really nice to have this and it would be more effective.Pay down via bank is not a good thing because it is cutting down the charges.

Please make me suggestions and visit.
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