HDB Loan VS Bank Loan | Listen To The Right Advice!

Most bank loan rates are lower than HDB loan of 2.6% currently. However, bank loan rates will fluctuate for sure and in the next 20years, will certainly spike at certain periods

These are five points why HDB loan is likely better than bank loan!
1) HDB Loan is fixed at 2.6%
2) Allows you to borrow more at 90%
3) Downpayment only 10% and fully CPF
4) May changes to loan anytime
5) Late payments

Finance and investment books I'd recommend you to become a better investor.
1) One Up On Wall Street: Why? One of the best books on why anyone can pick a right stock!
2) Think like the great investors: Why? The part on investor over-confidence is a must read!
3) 100 Baggers: Why? The section on great depression is a must read gem!
4) Rich dad poor dad: Why? One of the best books I read on asset and liabilities that shaped my financial understanding at age20.

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About Josh:
Josh holds a degree in Accounting.

In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.

As a ChFC charterholder, Josh has agreed to be bound by the ChFC®️/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video. No products were advertised.

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[tiff]

Hi Josh, are those who have exceeded the income ceiling still eligible for HDB loan?😢

[onlinevoice]

Can retirees without income or with monthly annuity collection still borrow from HDB or banks to purchase resales flat?

[YY-bbgg]

Economist expect that SIBOR will increase with the growth forecast revised up

[anyohoww]

Hi Josh, would your advice on this be the same considering the following? :

1. Sibor has dropped so much lower since your making of this vid and is unlikely to rise again at least over the next few years considering we are expecting a long & hard economic recession. Even if the rates start to rise after we come out of recession, the average interest would probably still be significantly lower?
2. 5% cash upfront is OK for me.
3. 75% loan means can set the mortgage term shorter for the same amount of monthly payment vs HDB = lower interest?