My first house, I took up an loan from the cash values of my own insurance with NTUC, then use the rent that I have collected from my HDB flat to pay it back. Just a suggestion. If its of any use to you.
Hi Cathy,
My mum has a fully paid HDB flat. I am considering not buying a HDB and going straight for something in Nusajaya, or if work really allows then perhaps even KL. With around SGD30k i should be able to put a downpayment and other fees in Nusajaya. Only thing is I may only be able to do so by the end of 2012, and property prices are going up(in JB). Wish I could get something earlier(and cheaper)
I do not understand how to take a loan based on the insurance. Could you please explain further?
Thanks for the advice