tag:blogger.com,1999:blog-7944902213075756335.post7120072444979727106..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): Thinking of moving out of the family home?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7944902213075756335.post-24566224440312213112017-06-10T21:50:59.918+08:002017-06-10T21:50:59.918+08:00Hi both,
Yup, thought so too. Thanks for confirmi...Hi both,<br /><br />Yup, thought so too. Thanks for confirming my suspicions :) simplymehttps://www.blogger.com/profile/09309919454375456952noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-7791118203006391342017-06-10T16:43:17.656+08:002017-06-10T16:43:17.656+08:00Hi simplyme,
Even when the amount is paid back in...Hi simplyme,<br /><br />Even when the amount is paid back into your CPF when you sell the property, you're supposed to put back the amount you took out PLUS the 2.5% interest that you would have obtained if you didn't touch your CPF OA.<br /><br />This is what AK means by not forgetting that you're also actually borrowing from yourself if you use CPF OA.<br /><br />So when you borrow Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59897021178842166262017-06-10T16:17:45.563+08:002017-06-10T16:17:45.563+08:00Hi simplyme,
A person in such a situation would b...Hi simplyme,<br /><br />A person in such a situation would be losing the 2.5% interest he would otherwise be getting from the CPF. On top of this, he is paying a 2% interest to the bank. In effect, the real cost is more than 2% in interest.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-4202499101934165312017-06-10T13:25:06.856+08:002017-06-10T13:25:06.856+08:00Hi AK,
As the post's on the topic of CPF OA i...Hi AK,<br /><br />As the post's on the topic of CPF OA interest lost when using it for HDB, could u help out with my thoughts on the following;<br /><br />For those who're tapping on CPF to pay the monthly mortgage, am I right to say that the "real" interest rate is: i) 2.5% (interest lost from CPF OA by govt) and ii) the interest incurred on the bank loan. Meaning if one simplymehttps://www.blogger.com/profile/09309919454375456952noreply@blogger.com