Asked by PG
Hey Gurus, my wife and I have a 4RM HDB in the north (shld fetch around $400K and above) and it is fully paid. With a combine income of $5K and with $33K combine CPF and $25K cash on hand, is it a good idea to go for an equity loan as to invest in a new launch condo for rental purpose? Understand that we have to fork out 40% downpayment if we take up the equity loan but is it a good idea? Thanks.
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