Question : Pay off mortgage loan OR NOT?Background- Male aged above 55- His bank mortgage loan is on floating rate and has spiked from 1% plus to 4% plus.- Has enough in CPFOA to pay off the loan together with wife- However, they are still in lock in period and face a penalty👏 Catch this episode on YOUTUBE and LEAVE COMMENTShttps://youtu.be/DuBHuvmtvac✅ WANT TO HAVE YOUR QUESTIONS ANSWERED? Drop a mail bag to JOSH here =) Email: [email protected]👏 Soon Min also shares with you on his recent home purchaseCheck his channel at https://www.youtube.com/@YourMoneyGame******#1 ONLINE INVESTMENT COURSE AT JOSH TAN ACADEMY► Follow this link - https://jtinvestacademy.thinkific.com/courses/investmentWhy you do NOT need to spend thousands on investment courses? LEARN HOW to research into stocks and identify multi-baggers (at least in Josh Tan's way). Course price at $37 only. NEW 2022 BONUS MODULE ADDED and UNLIMITED re-access given with this new structure for future revision.*******👏 Meet Josh Tan On Instagram https://www.instagram.com/joshconsultancy👏 TIKTOK: https://www.tiktok.com/@joshconsultancy👏 Looking to be a sponsor? Email to [email protected]:00 Introduction0:40 New home2:00 How to budget for home6:20 $0 in renovation?9:46 Biggest regrets and proudest aspects12:56 Repay $305k or not17:00 Bank vs hdb loan18:46 CPFSA shielding23:00 Accrued interest27:47 Why pay penalty32:40 Cash to buy deposits?We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from channel are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus. It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date. #homeloan  #bankloan #property #hdbSupport the show

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