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Good afternoon Mdm, Are you referring to the CPF minimum sum scheme? If both of you have sufficient amount in your retirement account (currently it's $148k) by then, you should not worry about cash payment. If not, like what you mentioned, you have to stand by cash payment for your mortgage as OA + SA will be used to fill up the minimum sum. What I think is If you are worried about cash payment in future and your family size is small considered the big space you currently have right now, you should maybe consider downgrade to a smaller unit. Why not lets work out your financial plan first then we see how it goes? I will need your CPF utilized and accrued interest as well. Hope to hear from you soon! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Afternoon, Depending on how much is your CPF OA contribution per month and your monthly installment figures, plus your current nature of employment, the response is really subjective. if both of you stopped working at age of 55, but your mortgage loan continue into age of 65, both of you will definitely be required to fork out cash. As to whether to downgrade, it will again depends on your requirement for such big unit. You might have bought it coz of your family size. If there are changes accordingly, it might be a good time to consider other possibilities. Do feel free to contact me for non-obligatory discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Dear sir/madam, It is difficult to ascertain what entails after both of you have reached the age of 55 without first knowing the detailed financial obligations and contents. Downgrading could be an option but again, it will depends on your sales proceeds to do so on top of your family needs. I am assuming that quality of life will not be compromised with the downgrade therefore the specific mechanics will need to be explored further. Let me know if you need to work out further details. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** Investors Look Out Here!!!! An extraordinary investment in JB Iskandar. Offering you freehold retail units ranging from 120sqf to 1200sqf by reowned developer! 15% guranteed rental return. The ultimate destination mall of Iskandar Malaysia. The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More

Good day sir / madam ............may i offer my housing services ............my charges are 1% commission for exclusive selling rights to your property or 2% comm for open listing...........kindly contact me for a NO OBLIGATIONS CHAT for your housing needs ........joanne chia.........hp 8333 3327  .........HUTTONS property ..........chia_joanne@yahoo.com.sg Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

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