Mar 31 2008, 07:44 PM
QUOTE(cody99 @ Mar 31 2008, 03:14 PM)
Nowadays easily anyone can loan upto 80% or 90%.
some can't afford 30% as Downpayment.
Remember to keep some money for minor reno & furnishing.
cody99,some can't afford 30% as Downpayment.
Remember to keep some money for minor reno & furnishing.
You are MIXING with the WRONG CROWD. There are people that put up 30% to 60% on down payment according to survey done by "Personal Money" magazine.
Dreamer
Added on March 31, 2008, 7:46 pm
QUOTE(Pai @ Mar 31 2008, 03:40 PM)
Generally speaking, yes.
Not for me though. Im a big fan of leveraging as I like to have decent liquidity (if i could afford lah) at any point of my life to capitalize on any emerging opoortunities. If I had 30% cash to spare for my house, I'd get the typical 10% d/p on flexiloans then dump the extra 20% $$$$$ in the flexi account. Save on interest and at the same mantain healthy liquidity position.
Pai,Not for me though. Im a big fan of leveraging as I like to have decent liquidity (if i could afford lah) at any point of my life to capitalize on any emerging opoortunities. If I had 30% cash to spare for my house, I'd get the typical 10% d/p on flexiloans then dump the extra 20% $$$$$ in the flexi account. Save on interest and at the same mantain healthy liquidity position.
That is a SMART move and I did that. In general, at least make enough down payment to avoid MLTA/MRTA.
Dreamer
This post has been edited by dreamer101: Mar 31 2008, 07:46 PM
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