What if interest rate rise to 5% by end 2015........

[retardface]

Does not bother me, for I'll be long gone. My children all grown up and migrated and I've put in motion to liquidate all my assets. The only thing I hold dearly is my wheelchair and I hope to be buried or cremated with it.

Can you change your mind and will your wheelchair to krafty or me.

 

[lifeafter41]

Maybe not. Not yet. When I was a young man looking for housing loans, the interest rates were around 12% leh.

When was that?.
In the1980s?

 

[Acanthodes]

Huat together to the bank.

 

[lifeafter41]

these fuckers deserve to be burnt.

Well, I just did a quick calculation, if loan quantum was at 1.2kk, with interest at 6% based on 30 year, at 1.2% interest payable is $638, but at 6%, it's $3.8k, which is higher than the principal payable monthly, of $3.3k, or total almost $7.2k

They will not only be burnt.
Most likely dead too.

I have a friend that bought his first home at 1.5kk, with loan at 1.2kk.
Both are in their early thirties (married couple), recently tied the knot, but because of the income threshold, can only go for private property or EC.

 

[Sinkie]

Can you change your mind and will your wheelchair to krafty or me.

Dun liddat lah......even my last thing so dear to me you oso wat to take away. I've not spent enuff time with it unless someone want to sponsor me an electronic one, then this one I gift away to you or Krafty.