I am currently looking at a property around 700k-800k range and wondering which would be the better option among these two if it's a flexi loan:

1) Deposit 20% of the property value, and only doing 25 years tenure.

2) Pick max years tenure, 10% deposit, but paying extra every month.

The agent is saying option 2 is better as I can put extra cash anytime and still get to shorten the loan in the end and pay lesser interest. Hoping for some more opinion?

This post has been edited by hirano: Mar 17 2025, 03:11 AM