Has been browsing the site for a while, learnt a lot from the people here and finally join up the forum, hope to seek some advices.
I had purchased a 3 bedded PC recently, before the latest CM, am staying in a 4rm HDB now and paid fully. I'm over 40 and has 2 kids, I have loan 70% from $900k for 35yrs, me and wife combined income $8k, knowing our cpf not enough to pay the installment monthly and has to top up by cash thru one of our house rental, am i scratching myself?
We thou of renting out 4rm HDB but too troublesome for my kids to change school, so may consider to rent out PC for 2 yrs, does it works?
Upon 2016 TOP, not sure how the economy will be, should i refinance if the rate goes up? If so I can only loan less than 20 yrs, then the monthly will be high.
If right now we have spare cash, should we save up for raining day? OR pay up a sum during refinance to shorten the loan? OR invest but no idea what to?
Thanks all.
