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Old 06-02-2017, 02:54 PM
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Originally Posted by Unregistered View Post
Mid 30s, single.
Currently ~$140K per annum, mortgage on condo $1mio, value of condo $1.8mio, cash ~$1-ishmio, 5yo luxury car fully paid. No other real debt or investment.
Considering paying off mortgage up to the point where monthly mortgage is from cpf with no cash outlay (preference to max out cpf). Or not... thoughts?
I think it depends on whether you intend to invest your spare cash and the returns that you are confident of getting from investing. If you can get returns above what CPF is giving, 2.5%, I think you should use CPF to service your mortgage. If I were you, I would use some of the cash to pay down some of the loan (I'm risk-averse) and use CPF to service the reduced mortgage payments.
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