Property Views

[pirated]

starlight1968sg:

Related to using cpf to pay the housing loan:

If I use 200k to pay for the housing loan, when I sell the house, I need to pay back 200k + the accured interest, right?
My qn: is why I hv to pay the accured interest since if I were to leave the 200k with cpf, cpf would pay me the interest?
Tks.

Yes. If you had left the cpf money untouched you would have earned that amount of interest from cpf board.

[pirated]

jetsetter:

pirated:

[quote=\"jetsetter\"]Decoupling is the best way to avoid ABSD. But you need to make a calculated move and discuss with your spouse lor...If he puts the landed one or pte condo one under his name, you \"lugi\", in the event that...


But if you put yours for the more valuable ppty, make sure your income can afford to service the mortgage, if the ppty isn't fully paid up yet.

Most DW will put their name under the more expensive one

HDB ownership rule can allow decoupling ?

In china the decoupling of ppty ownership ended up with real divorce

Not divorce but removal of one occupier's name only. I think it's possible.

http://jkfund.blogspot.sg/2014/06/hdb-decouple-topic-spr-sc-household.html


The impt thing is to get your spouse become a first-time buyer.[/quote]Not first time buyer. Is first housing loan borrower without EXISTING housing loan. If previous loan fully paid, new loan is first loan

[starlight1968sg]

pirated:

starlight1968sg:

Related to using cpf to pay the housing loan:

If I use 200k to pay for the housing loan, when I sell the house, I need to pay back 200k + the accured interest, right?
My qn: is why I hv to pay the accured interest since if I were to leave the 200k with cpf, cpf would pay me the interest?
Tks.

Yes. If you had left the cpf money untouched you would have earned that amount of interest from cpf board.

But if I were to use my cpf money, then I have to pay the interest which otherwise cpf would pay me.
I find it confusing.

[Nebbermind]

starlight1968sg:

But if I were to use my cpf money, then I have to pay the interest which otherwise cpf would pay me.
I find it confusing.

No, you donch pay interest...you just put back the amount of $$$ (incl interest) which would have been if you had left that $200k untouched in CPF. The money still belongs to you.

[starlight1968sg]

thanks for responding.

Eg: I hv 200k in cpf a/c. I earned $1k interest from cpf.

If I were to use my 200k cpf money to pay for a housing loan, effectively I would be required to repay 200k + 1k to cpf when I sell the house, right?

This 1k would come from the proceeds of the sale and isn’t this my money ie am paying the interest which otherwise cpf would pay if I were to leave the 200k with cpf?

[jetsetter]

pirated:

Not first time buyer. Is first housing loan borrower without EXISTING housing loan. If previous loan fully paid, new loan is first loan

Ok strictly spkg, U r more accurate in terminology

[MrsKiasu]

starlight1968sg:

thanks for responding.

Eg: I hv 200k in cpf a/c. I earned $1k interest from cpf.

If I were to use my 200k cpf money to pay for a housing loan, effectively I would be required to repay 200k + 1k to cpf when I sell the house, right?

This 1k would come from the proceeds of the sale and isn't this my money ie am paying the interest which otherwise cpf would pay if I were to leave the 200k with cpf?

My own understanding, in short the money in CPF got to keep growing, for our future retirement use. CPFB use the money to invest, they will pay u interest and if you use the money to invest, you got to pay the interest.

The longer you keep the HDB/pvt using CPF, they more interest you got to pay.

[starlight1968sg]

MrsKiasu:

starlight1968sg:

thanks for responding.

Eg: I hv 200k in cpf a/c. I earned $1k interest from cpf.

If I were to use my 200k cpf money to pay for a housing loan, effectively I would be required to repay 200k + 1k to cpf when I sell the house, right?

This 1k would come from the proceeds of the sale and isn't this my money ie am paying the interest which otherwise cpf would pay if I were to leave the 200k with cpf?

My own understanding, in short the money in CPF got to keep growing, for our future retirement use. CPFB use the money to invest, they will pay u interest and if you use the money to invest, you got to pay the interest.

The longer you keep the HDB/pvt using CPF, they more interest you got to pay.

Yes, this is what I have gathered too.
So I avoid using cpf on housing.

[pirated]

You got to gauge which one incur more interest cost ultimately - be it leaving it in cpfb earning 2.5% pa or the borrowing costs from bank


And it is not just the loan rate % – the cpf money reduces the loan quantum which means effectively less absolute amount of interest cost paid. And it affects tdsr too

Everyone’s math is different yeah

[Nebbermind]

starlight1968sg:

MrsKiasu:

[quote=\"starlight1968sg\"]thanks for responding.

Eg: I hv 200k in cpf a/c. I earned $1k interest from cpf.

If I were to use my 200k cpf money to pay for a housing loan, effectively I would be required to repay 200k + 1k to cpf when I sell the house, right?

This 1k would come from the proceeds of the sale and isn't this my money ie am paying the interest which otherwise cpf would pay if I were to leave the 200k with cpf?

My own understanding, in short the money in CPF got to keep growing, for our future retirement use. CPFB use the money to invest, they will pay u interest and if you use the money to invest, you got to pay the interest.

The longer you keep the HDB/pvt using CPF, they more interest you got to pay.

Yes, this is what I have gathered too.
So I avoid using cpf on housing.[/quote]It's still your money....just you cannot touch it until it's time for you to withdraw (in parts or whatever) from cpf.