Originally Posted by
ocoloco79
We made a mistake by investing part of our cpf balances to fortress A fund which is making a loss now. hence our cpf do not have the min sum of 60K hence we cannot use cpf to fund the condo. However after TOP or slightly later, we will be able to accumulate enough min sum so that we can use cpf to fund both condo and hdb together. But still have to top up with cash. We bought our hdb 5 years ago, paying only $800 per month with 30yrs loan, so confirm have high outstanding loan. We are very gullible, as this is our first time buying pte property and we realli know nothing about properties. We actually do not even know that interest rate is consider so low now and can rise as high as 4%. We did our homework by calculating at current low interest rate of slightly lower than 2% and thought that this is the norm. So stupid! We also didn't know that we need to get a banker to assess our financial status before we purchase our property and we did it by ourselves using simple maths, which is ALL wrong. When we begin to know the real facts slowly, we panicked. we calculate all over again and realised that it could be tight, but we can still manage by sacrificing leisure. But we were hesitant on losing our booking fee.. Now upon hearing that it is not a wrong buy, I do not wish to give it up. We may struggle abit. Hope that there will never be margin calls... if not DIE!