Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (11)
Should you be paying off the cheapest housing loan in town and assuming the house is your only residential home and there is no intention to monetise it during your last phase of your life on Hotel Earth?
The more you read from different sources you may become blur instead of becoming clearer.
Opportunity and Outcome
The moment we have fully pay up our only residential home. It is a definite and positive outcome. We have owned the home outright and unencumbered.
When we choose to take the longest loan and use the excess cash to invest. This excess cash just present an opportunity. What looks like great opportunity initially may not actually end up with positive outcome. This is the truth in the market. How many times have we turned our opportunities into disasters? Think back!
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小米SU7的F碼出現炒價,最高升至3萬元人民幣針對小米合作或投資企業提前進行過SU7意向登記的員工,小米統一通過短信發放F碼F碼有效期限為24小時,持有用戶可優先定購1台SU7創始版小米(01810)
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11 minutes ago
HDB loan has a unique feature called Partial Capital Repayment. Top up >$1k toward your principle and there is an interest rebate. Chose between lower monthly payment (same loan period) or same monthly payment but shorter period.
ReplyDeleteI can no longer find the site, but somehow the calculation that if I keep doing this during the 1st 1/3 of the loan period, every 1 month's installment top up, I save about 2.x months on the loan period. Took me a while to digest this. But eventually, I paid off in 3.5years.
Happily now take the now-free cash to invest and aiming for high yield long term returns.
Huat ah