Quote:
Originally Posted by Unregistered
You only upgrade if you are confident of your jobs. Can you confirm you both won't be retrenched in the next 25 years?
If you are confident, you can sell your HDB flat and upgrade to a cheap 2 room condo costing $800k.
Use $500k for downpayment and loan $300k. If you both lose your jobs, you can then sell your condo and downgrade to a 3 room HDB flat. |
To loan 300k, we probably only need to pay $700 per month and I don't foresee that we will need to sell it even if we both lose our jobs... Understand from close friends who are property agent that usually people with combined 8k/month does it this way... My job is stable but probably not my partner's. We will eventually downgrade when our children grow up so probably need not take 25years... What's your portfolio like by the way?