Wind30 Turbocharged May 6, 2012 Share May 6, 2012 I am curious, my one and only property has around 30% loan based on todays valuation. Currently housing loans are like 1% interest rates. Should I refinance and borrow MORE money from the bank and dump it into some "safe" investments that has returns like 2-3%? Maybe some government bonds? or something? Some form of investment that is Even 2% per annum profit should be significant. ↡ Advertisement Link to post Share on other sites More sharing options...
RealSabbie Neutral Newbie May 6, 2012 Share May 6, 2012 Yes many stat board bonds yields 2 to 4%, should be relatively safe Link to post Share on other sites More sharing options...
marwing 1st Gear May 6, 2012 Share May 6, 2012 CPF OA 2.5% solid as a rock for many years already. Link to post Share on other sites More sharing options...
Wson 1st Gear May 6, 2012 Share May 6, 2012 I am curious, my one and only property has around 30% loan based on todays valuation. Currently housing loans are like 1% interest rates. Should I refinance and borrow MORE money from the bank and dump it into some "safe" investments that has returns like 2-3%? Maybe some government bonds? or something? Some form of investment that is Even 2% per annum profit should be significant. Hi, Won't interest rates for equity loan (cash out refinancing) be higher than a normal housing loan? You have good lobang where equity loan int-rates match home loan int-rate? Link to post Share on other sites More sharing options...
TheRationalVoice 1st Gear May 6, 2012 Share May 6, 2012 I would if I were you. In fact, I have done it. The banks are offering 4% interest p.a. for selected customers. Speak with your banker and explain the objective of this exercise. You will be given a good rate. Link to post Share on other sites More sharing options...
RealSabbie Neutral Newbie May 6, 2012 Share May 6, 2012 Hi, Won't interest rates for equity loan (cash out refinancing) be higher than a normal housing loan? You have good lobang where equity loan int-rates match home loan int-rate? 5th charge term loans same rate as legal first mortgage housing loan la Link to post Share on other sites More sharing options...
RealSabbie Neutral Newbie May 6, 2012 Share May 6, 2012 CPF OA 2.5% solid as a rock for many years already. Is there a cap on how much you can put in your OA? say I have 400K can I just put into my OA bearing in mind I can't take it out of course. Link to post Share on other sites More sharing options...
Old-driver 5th Gear May 6, 2012 Share May 6, 2012 Is there a cap on how much you can put in your OA? say I have 400K can I just put into my OA bearing in mind I can't take it out of course. U cant suka suka put $$ in OA... every dollar u put in goes into OA, SA and Medisave (dunoo the split ratio though). Gahman not stupid Link to post Share on other sites More sharing options...
Jolie888 Clutched May 6, 2012 Share May 6, 2012 Is there a cap on how much you can put in your OA? say I have 400K can I just put into my OA bearing in mind I can't take it out of course. For what? Like the Eagles' old song 'Hotel California'! You can check in, but you cannot check out. Link to post Share on other sites More sharing options...
RealSabbie Neutral Newbie May 6, 2012 Share May 6, 2012 Even split into Sa also not bad what, higher interest. And can always withdraw at 55, hahaha Link to post Share on other sites More sharing options...
Old-driver 5th Gear May 6, 2012 Share May 6, 2012 Even split into Sa also not bad what, higher interest. And can always withdraw at 55, hahaha Do it then Link to post Share on other sites More sharing options...
Wson 1st Gear May 6, 2012 Share May 6, 2012 5th charge term loans same rate as legal first mortgage housing loan la That's good to know. thanks Link to post Share on other sites More sharing options...
RealSabbie Neutral Newbie May 6, 2012 Share May 6, 2012 Do it then Wasn't suggested by me, but may be a good idea for those nearing 55 Link to post Share on other sites More sharing options...
LoverofCar 6th Gear May 6, 2012 Share May 6, 2012 CPF OA 2.5% solid as a rock for many years already. Haha...and you may not get to use till dying day... Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 6, 2012 Share May 6, 2012 (edited) I am curious, my one and only property has around 30% loan based on todays valuation. Currently housing loans are like 1% interest rates. Should I refinance and borrow MORE money from the bank and dump it into some "safe" investments that has returns like 2-3%? Maybe some government bonds? or something? Some form of investment that is Even 2% per annum profit should be significant. No mention long term/medium term/short term No mention sum for investment No mention risk aversion level No mention product range of interest to you You may be aware among range of banks and their products, there may be more than one that suits you. Can check with the banks. Some banks even offer Currency trading if you met the requirements Edited May 6, 2012 by Good-Carbuyer Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 6, 2012 Share May 6, 2012 CPF OA 2.5% solid as a rock for many years already. You may be aware TS only mentioned investment with bank Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 6, 2012 Share May 6, 2012 Hi, Won't interest rates for equity loan (cash out refinancing) be higher than a normal housing loan? You have good lobang where equity loan int-rates match home loan int-rate? Can check on www.askdrmoney.com Link to post Share on other sites More sharing options...
Good-Carbuyer 1st Gear May 6, 2012 Share May 6, 2012 Is there a cap on how much you can put in your OA? say I have 400K can I just put into my OA bearing in mind I can't take it out of course. 400k can be in time for online Spot FOREX trading now? ↡ Advertisement Link to post Share on other sites More sharing options...
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