Quote:
Originally Posted by Unregistered
40yo single PR. 120k pa. No outstanding loans. 150k cash.
I'm thinking of getting a 850k condo as not eligible to get hdb.
Not sure if I should jump in and buy condo or just keep paying rent. Rent is about 1.4k. The mortgage will work out to about 2.5-3k per month. What do you guys think? |
Part of the mortgage goes towards principal repayment and the rest towards interest. What is the interest repayment? If it's less than your rent, there's good reason to consider buying a property. Of course, another thing to consider is whether property prices will go up or down. In this, no one is none the wiser and you will need to make your own assessment.