Throttle2 Supersonic February 6, 2019 Share February 6, 2019 I paid off mine... But CPF. Counted? Ok lah, let you count lah. Happy boh? ↡ Advertisement Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic February 6, 2019 Share February 6, 2019 The real rich is the one with more than 2m mortgage This shows the bank willing to lend them such amount of money Can you? 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 6, 2019 Share February 6, 2019 More loan more Hao Lian or fully paid more hao Lian? I need to know how to hao Lian before I vote. :)- If the survey is for fun is fine , otherwise the result won't be meaningful because the population size is too small. Moreover, for the result to be more meaningful, the data has to cut into the other dimension which is income level. Of course bigger loan , more loan more haolian lah, you ask the property kings in here if you dont believe. Link to post Share on other sites More sharing options...
Ct3833 Supersonic February 6, 2019 Share February 6, 2019 Of course bigger loan , more loan more haolian lah, you ask the property kings in here if you dont believe.Then I cannot hao lian, I wanted to take loan but bank said I cannot afford to pay because I am too old and my pay too low. Link to post Share on other sites More sharing options...
Kopites Supersonic February 6, 2019 Share February 6, 2019 (edited) The poll did not provide option for no loan. So I clickEd last option. Edited February 6, 2019 by Kopites Link to post Share on other sites More sharing options...
Old-driver 5th Gear February 6, 2019 Share February 6, 2019 NO loan and fully paid is not the same, no? 2 Link to post Share on other sites More sharing options...
Yewheng Twincharged February 6, 2019 Share February 6, 2019 (edited) When pay housing loan using cpf do take note of valuation limit. Edited February 6, 2019 by Yewheng 1 Link to post Share on other sites More sharing options...
Enye Hypersonic February 6, 2019 Share February 6, 2019 NO loan and fully paid is not the same, no?the difference is the former paid the property in cash upon taking over while the latter paid down payment in cash, took loan and finally paid it off over several years. so who has more bragging rights? Link to post Share on other sites More sharing options...
Kopites Supersonic February 6, 2019 Share February 6, 2019 the difference is the former paid the property in cash upon taking over while the latter paid down payment in cash, took loan and finally paid it off over several years. so who has more bragging rights? ð¬ð Huge difference upon collection of key. Driving out of hdb carpark with a set of keys to new home without worrying of losing job the next day. Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 6, 2019 Share February 6, 2019 the difference is the former paid the property in cash upon taking over while the latter paid down payment in cash, took loan and finally paid it off over several years. so who has more bragging rights? 3 Link to post Share on other sites More sharing options...
Sdf4786k Twincharged February 7, 2019 Share February 7, 2019 NO loan and fully paid is not the same, no? inheritance considered fully paid as well. Link to post Share on other sites More sharing options...
Spring Moderator February 7, 2019 Share February 7, 2019 These days, those with cash but still taking bank loan as loan rate was lower than deposits and returns on low risk investments are reconsidering this strategy. It used to be a no brainer as there was no incentive to repay housing loans so why not keep your cash? Fast forward today and rising interest rates meant that loans are getting more expensive and with deposit and returns of some investments not keeping up, it would be prudent to repay your loans with excess cash instead of sitting on it, my 2 cents..... 4 Link to post Share on other sites More sharing options...
Enye Hypersonic February 7, 2019 Share February 7, 2019 As long as use own sweat and blood money to pay until no more loan, thats an achivement already. Sifu, you dont so hao lian lah, although i know you own 6 properties with no loans towkay... i peasant hao lian simi? only 1 hdb flat in ulu singapore which is my first home and still need to pay installments until 70 years old Link to post Share on other sites More sharing options...
Evillusion Supersonic February 7, 2019 Share February 7, 2019 As long as use own sweat and blood money to pay until no more loan, thats an achivement already. Sifu, you dont so hao lian lah, although i know you own 6 properties with no loans Wah.....sweat and blood! You invaded and conquered somebody else property or what? Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged February 7, 2019 Share February 7, 2019 (edited) The real rich is the one with more than 2m mortgage This shows the bank willing to lend them such amount of money Can you? errmm.. you only need 14-15k combined income to loan 2mil at under 30... HOWEVER...monthly repayments are HALF of the gross... ** not i TCSS** ocbc say one https://www.ocbc.com/personal-banking/loans/calculators/homeloan.html ie .. if status quo.... eat grass for the rest of your life in local context... .. if pay increase over the years.... can survive better .. if lose job.... gg liao.... Edited February 7, 2019 by SuPerBoRed Link to post Share on other sites More sharing options...
Evillusion Supersonic February 7, 2019 Share February 7, 2019 towkay... i peasant hao lian simi? only 1 hdb flat in ulu singapore which is my first home and still need to pay installments until 70 years old ðð Hdb allow loans till 70 mei? errmm.. you only need 14-15k combined income to loan 2mil at under 30... HOWEVER...monthly repayments are HALF of the gross... ** not i TCSS** ocbc say one https://www.ocbc.com/personal-banking/loans/calculators/homeloan.html ie .. if status quo.... eat grass for the rest of your life in local context... .. if pay increase over the years.... can survive better .. if lose job.... gg liao.... Half of gross is how much? In mcf can mean from $1000 to $500 k, hor.... Link to post Share on other sites More sharing options...
Enye Hypersonic February 7, 2019 Share February 7, 2019 Hdb allow loans till 70 mei?bo lui pay back .... appeal lor ah gong usually very kind to peasant Link to post Share on other sites More sharing options...
Evillusion Supersonic February 7, 2019 Share February 7, 2019 bo lui pay back .... appeal lor ah gong usually very kind to peasant ð¢ð Wah...so good har! Can huat for that million dollar hdb liao..... ↡ Advertisement Link to post Share on other sites More sharing options...
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