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Thread: why u shdnt pay off ur mortgage early

  1. #1
    Exalted

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    Default 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

    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 )

  2. #2
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    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 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

    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 )

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