Put $ to FD better or clear housing loan better?, 25 years,4 percent, RM 300,000
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 Feb 8 2024, 09:29 AM
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#1
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way 
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Theoretically should put more into investment/FD instead of clearing housing loan first.
But ayam prudent type, cleared housing loan first. Ayam probably not the type to get rich, but can sleep soundly. |
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Feb 8 2024, 09:35 AM
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#2
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way
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QUOTE(cHaRsIeWpAu^^ @ Feb 8 2024, 09:32 AM) have some cash with you rather than all in housing loan. Why not both? Have less housing loan principal while still having emergency cash?its always good to have some emergency funds anytime in your life.  How? Full flexi or semi flexi housing loan. Ayam used to have full flexi housing loan, the money left in current account practically offset the full housing loan (zero loan interest every month), if need emergency cash, can still withdraw from the current account at will. lj0000 liked this post
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Feb 8 2024, 09:51 AM
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#3
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way
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QUOTE(cHaRsIeWpAu^^ @ Feb 8 2024, 09:49 AM) then your credit score will be stuck there lo. Kindly elaborate on how the credit score stuck. if wanna apply new housing loan then hard already.  |
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Feb 8 2024, 09:55 AM
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#4
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way
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QUOTE(cHaRsIeWpAu^^ @ Feb 8 2024, 09:53 AM) eg you having housing loan 500k, you park your money at semi/fully fexi loan. You mean you prefer to clear housing loan A first before applying for housing loan B is it? if you wanna apply another 500k housing loan, it will be hard, unless your income very high. Of course you can, my statement was about having only one housing loan. |
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