Mar 2 2022, 06:12 AM
QUOTE(Nivan @ Mar 2 2022, 01:04 AM)
Hi sifus,
A bit of dilema here. Im targetting house around 800k range and most probably will place booking by year end or will buy subsales.
Say for eg, i readily have x amount of money which more or less can contribute to 20k to 24k dividen a year which is about 2k per month.
Which option would you prefer.
Option A : go for 100% loan, use dividen and top up monthly payment via salary. Advantage : savings still there. Cons : if dividen reduced, then need to top up more from salary.
Option B : dump the money for reduced monthly payment. Advantage : reduce monthly payment. Cons : no more savings.
Prefer option A as if anything happen still there is money.
Lets here from sifus.
Thanks for taking time to advice.
No right or wrong .....is all about YOU.A bit of dilema here. Im targetting house around 800k range and most probably will place booking by year end or will buy subsales.
Say for eg, i readily have x amount of money which more or less can contribute to 20k to 24k dividen a year which is about 2k per month.
Which option would you prefer.
Option A : go for 100% loan, use dividen and top up monthly payment via salary. Advantage : savings still there. Cons : if dividen reduced, then need to top up more from salary.
Option B : dump the money for reduced monthly payment. Advantage : reduce monthly payment. Cons : no more savings.
Prefer option A as if anything happen still there is money.
Lets here from sifus.
Thanks for taking time to advice.
Some borrower prefer to settle the loan ahead and may take epf to do it. To some, is not wise because current epf pays higher interest than bank charging interest.
Reasons may varies but few may get 'tired' paying instalment monthly.
Similar, why do some invest in FDs and not others like klse.
I buy properties in my spouse and children's names and I stand as loan guarantor...but that is me lah.
This post has been edited by mini orchard: Mar 2 2022, 10:48 AM
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