cynthiawen Prepayment back to CPF or mortgage
Hi all, given current low bank interest rate environment and hence wonder if anyone thinks that prepayment back to CPF or mortgage will be more worth it?
@msyeang cpf accured interest is a double edge sword. I would keep that option open so when i have a windfall, i have an option to jam my money into CPF when required.
I would use VC3A instead so that my accrued interest continues to grow (as long as i am not selling my house). If you are selling your house, maybe repaying accrued interest makes sense.
I'm generally thinking of prepaying back to CPF because having to top up the interest lost on my CPF funds is like a double whammy to me