Sis, first part understand....
2nd part is a big NO-NO....
1. When interest rate goes up, there are still instruments that can beat mortgage interest.
2. Many people I know paid up for their first unit and when opportunity came, were unable to buy their second properties because "not enough money for downpayment".
3. some I knew paid up for their first home and could only afford the downpayment for the second home... So when I advised them to buy another unit, which I did, they said "cannot leh, no more money".
But if u really don't know how to beat the mortgage interest rate, please just pay up your mortgage and ignore me.... Cheers
Just woke up from my nap and felt like tcss...