HDB also not silly.
How many people do we know manage to claim that insurance?
If loan on, 2.6% loan applies. If fully pay off, forgo 2.5% interest. I see it as the 0.1% as the cost one pays for the HPS?
Originally Posted by
Arcachon
Is it true that if we have paid fully for a HDB flat with CPF is a wrong move?...
I was told by my relative that I should not have paid in full as he mentioned I have lost out on the insurance whereby if one of the owners passes away, the house will be free for the other owner...
I believe what he meant was HPS?...
But when I collect key that time, HDB wipeout all my CPF and no loan require...
They did not ask me for a choice to use HDB loan...
https://forums.hardwarezone.com.sg/homeseekers-homemakers-74/hdb-flat-paid-fully-cpf-big-mistake-5855684.html
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.