Comments on: Thoughts on additional CPF Housing grant http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html Comments, opinions and an occasional ramble Tue, 22 May 2012 06:49:16 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: email marketing software mac free http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-24163 email marketing software mac free Mon, 07 May 2012 08:55:24 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-24163 hey there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise some technical points using this site, as I experienced to reload the site a lot of times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I'm complaining, but slow loading instances times will sometimes affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my email and can look out for much more of your respective interesting content. Make sure you update this again very soon.. hey there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise some technical points using this site, as I experienced to reload the site a lot of times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I’m complaining, but slow loading instances times will sometimes affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my email and can look out for much more of your respective interesting content. Make sure you update this again very soon..

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]]> By: Mike http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-20112 Mike Sat, 06 Nov 2010 17:23:04 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-20112 Several grants for housing schemes have been formulated to help the disabled and the aged. Several grants have been awarded for the renovations to homes in order to make them accessible to the disabled and the elderly. Older people are given housing grants to enable them to live in their own homes as long as they can. Other specific housing grants that have been awarded are grants such as those that help install heaters and increase the energy efficiency of homes. Certain grants are even provided for those applicants who wish to install new energy systems in their homes that use renewable sources of energy. more details http://www.schoolcollegegrants.com/housing-grants/ Several grants for housing schemes have been formulated to help the disabled and the aged. Several grants have been awarded for the renovations to homes in order to make them accessible to the disabled and the elderly. Older people are given housing grants to enable them to live in their own homes as long as they can. Other specific housing grants that have been awarded are grants such as those that help install heaters and increase the energy efficiency of homes. Certain grants are even provided for those applicants who wish to install new energy systems in their homes that use renewable sources of energy.
more details
http://www.schoolcollegegrants.com/housing-grants/

]]> By: kk http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-19812 kk Sat, 23 Jan 2010 01:37:55 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-19812 I have one question. Can I buy an HDB first (I haven't worked for 1 year yet but I can borrow some cash from my parents), and apply for additional housing grant later (after I worked for 1 year)? Does anybody know the answer? Thxthx. I have one question. Can I buy an HDB first (I haven’t worked for 1 year yet but I can borrow some cash from my parents), and apply for additional housing grant later (after I worked for 1 year)? Does anybody know the answer? Thxthx.

]]> By: TY http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-18259 TY Mon, 13 Oct 2008 09:52:54 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-18259 Getting grant is just the first part of the equation.... One of the other consideration is the repayment of the Housing Loan. If we have cash to spare in the bank, should we make lump sum repayment? What are the pros and cons? Well, if the money is just sitting in the bank earning us super super low interest rate, it is definitely better to pay off the housing loan earlier as it will save us interest. However, if you are able to invest the money that earn you decent interest rate, (2.5% from CPF ordinary account, risk free), you should invest it and stretch out the payment period. As the amount that you are going to pay of earlier is able to make you more money than the interest that you can save. This blog has more details and an excel sheet that can be used to calculate the above mentioned. http://baselearning.blogspot.com/2008/10/cpf-housing-loan-early-repayment.html Getting grant is just the first part of the equation….
One of the other consideration is the repayment of the Housing Loan.
If we have cash to spare in the bank, should we make lump sum repayment? What are the pros and cons?

Well, if the money is just sitting in the bank earning us super super low interest rate, it is definitely better to pay off the housing loan earlier as it will save us interest.

However, if you are able to invest the money that earn you decent interest rate, (2.5% from CPF ordinary account, risk free), you should invest it and stretch out the payment period. As the amount that you are going to pay of earlier is able to make you more money than the interest that you can save.

This blog has more details and an excel sheet that can be used to calculate the above mentioned.

http://baselearning.blogspot.com/2008/10/cpf-housing-loan-early-repayment.html

]]> By: Anbannathan http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-17265 Anbannathan Mon, 11 Feb 2008 09:20:15 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-17265 Loading comment... Loading comment…

]]> By: RPS sufferer http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-16625 RPS sufferer Sun, 23 Sep 2007 08:35:13 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-16625 I bought a condo using bank loan and CPF monies under the Pte Properties Residential Property Scheme. The market crashed but bounced back. With my income and CPF monthly contribution, there is insufficient monthly CPF to pay the monthly bank mortgage instalment. So I have to top up using my own cash. I don't live in the condo any more. I cannot afford to. Part of the rent I earn goes to pay the monthly bank mortgage instalment. Do I have any advice? Get HDB rather than private property. Purchase are more affordable place than one where you find you will be stretched. Once upon a time the CPFB had something called the Govt Bridging Loan to help those like me. (1) the criteria was so strict, I did not qualify (2) they have since discontinued the scheme. My view: the government should tighten the RPS and give more advice/warnings to those seeking to use the RPS, particularly for private property and for first-time property buyers. My other view is that government should help those like me who have had difficulties. They are not keen on mortgage interest relief, so I do not know what else. Maybe reintroduce the Govt Bridging Loan with more relaxed criteria, or maybe they would allow more generous use of Special Account funds to be used towards monthly mortgage payments. I bought a condo using bank loan and CPF monies under the Pte Properties Residential Property Scheme.

The market crashed but bounced back. With my income and CPF monthly contribution, there is insufficient monthly CPF to pay the monthly bank mortgage instalment. So I have to top up using my own cash. I don’t live in the condo any more. I cannot afford to. Part of the rent I earn goes to pay the monthly bank mortgage instalment.

Do I have any advice? Get HDB rather than private property. Purchase are more affordable place than one where you find you will be stretched.

Once upon a time the CPFB had something called the Govt Bridging Loan to help those like me. (1) the criteria was so strict, I did not qualify (2) they have since discontinued the scheme.

My view: the government should tighten the RPS and give more advice/warnings to those seeking to use the RPS, particularly for private property and for first-time property buyers.

My other view is that government should help those like me who have had difficulties. They are not keen on mortgage interest relief, so I do not know what else. Maybe reintroduce the Govt Bridging Loan with more relaxed criteria, or maybe they would allow more generous use of Special Account funds to be used towards monthly mortgage payments.

]]> By: Xiong http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html/comment-page-1#comment-16422 Xiong Mon, 27 Aug 2007 10:42:31 +0000 http://aaron-ng.info/blog/thoughts-on-additional-cpf-housing-grant.html#comment-16422 IMHO, the new scheme is for ppl who cannot afford HDB, even after working full time for 2 years. IMHO, the new scheme is for ppl who cannot afford HDB, even after working full time for 2 years.

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