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Dear Alan,

There are always pros and cons about doing so. In using bank loan, 1 distinct advantage will be able to utilise the cash proceeds to out into some other form of investment or usage of more priority, while using HDB loan, one would be able to foresee the amount of interest which is relatively attractive over the long run instead of floating interest from the banks.

May I know how I maybe able to assist you further?

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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Morning Alan,

This would be dependent on your financial ability. By throwing in 50% of your cash proceed into your second HDB loan, including your CPF OA, you will have lower monthly installment to pay. This will in-turn reduce your liquidity, if you are pumping in extra cash to service the mortgage. However, if the monthly installment can be fully serviced by merely using your CPF and you have good plans for your investment plans, it would definitely be good to get a bank loan for the mortgage. However, you must be willing to take the risk and possible cost incurred.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More