Hammerhead is a shrewd licensed moneylender and he owns two separate companies to give the illusion of competition to the general public and consumers. Hammerhead went ahead and set up two different companies called McShark and Shark King. McShark is offering a flat 2.5% rate on all loan amounts with a special condition.Shark King is offering a flat 2.6% rate on all loan … [Read more...] about Picking The Better Loan – Which One Will You Choose? 2.5% vs 2.6%
It is once again the time of the year when I review the good, the bad and the ugly of the year. Pleasantly surprised when I did the maths on my outstanding HDB loan vs my CPF-OA account. The government gave me a nice gift of $3000 in my CPF-OA and $2000 in my CPF-MA for my outstanding contributions towards defending our nation. You might remember my stand on HDB loan if … [Read more...] about One Small Step Towards Financial Security – HDB Loan
OK - using the word "investing" might not be the most appropriate. With each successive BTO, the papers would go on and on about how certain popular estates are heavily over-subscribed. Heh. Ever wondered what kind of homework did those couples do before deciding on that $250K (or $500K) HDB apartment? I know of some who don't even bother to physically check out the … [Read more...] about Would You Invest $250,000 (Or More) Without Doing Homework?
A comment by Andy from Tacomob in a previous post on HDB loans led to this post. I was sufficiently intrigued to try and dig out my calculations from 5 years ago. Unfortunately, they are nowhere to be found. Heck, so I made new ones! This time, I cheated by using a financial calculator app, though. Sidetrack a little for now - I saw this post yesterday on buying a first home … [Read more...] about Choosing A Longer HDB Loan
A huge amount of flyers have been mysteriously appearing at my doorstep in recent days. Ah, 5-years is up, no wonder! Remember in earlier post about finding our first pot of gold? Many of us have been generously provided with the chance to obtain one, in case we don't have it. The key idea is that my HDB BTO apartment was bought from HDB at subsidized, lower-than-market … [Read more...] about First Pot Of Gold From HDB’s BTO