why u shdnt pay off ur mortgage early

http://www.h88.com.sg/article/Why+yo...ortgage+early/

i been saying housing loan is the CHEAPEST loan in SG:D :cheers6:

but the % quoted in the article abit too much i tink? effective int rate for car loan shd be around 3.5-4% now and not 7% (in any case, i nvr take up any car loan now...only housing loan:D )

Ya. Car effective around 3.5 to 4 now. That is why don't read blindly.

Housing loan 1%. Housing loan always use effective rate anyway. Car loan uses flat rate and is misleading.

Quote:

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Originally Posted by devilplate

http://www.h88.com.sg/article/Why+yo...ortgage+early/

i been saying housing loan is the CHEAPEST loan in SG:D :cheers6:

but the % quoted in the article abit too much i tink? effective int rate for car loan shd be around 3.5-4% now and not 7% (in any case, i nvr take up any car loan now...only housing loan:D )

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