Jul 6 2016, 04:07 PM
QUOTE(hwachong @ Jul 5 2016, 10:29 PM)
I will be purchasing a 1m property, and I have 1m cash on hand.
(A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4%
(B) Pay with cash
Which is the better option?
Thank you.
Uhm you can get a flexi loan and put the money into the loan account instead to hedge against the 4.5% interest and still got RM1 mil to roll around, feel free to ask me for any mortgage tips (A) Should I take loan, and put the excess cash in FD? If yes, how much loan should I take? Loan interest is at about 4.5%, and FD interest at 4%
(B) Pay with cash
Which is the better option?
Thank you.
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