Comments on: How to save on paying interests on your home loan and shorten tenure

By: Cash today

Cash today — Sat, 30 Jul 2011 09:12:36 +0000

If some small steps will be taken then surely one can able to save the money which they give as the installments .

By: Mr Ang Geck

Mr Ang Geck — Thu, 07 Jul 2011 01:51:55 +0000

Do you need loan to settle your debt or pay off your bills or start a nice business? Any interested; contact us at ang_geck@yahoo.com.sg with loan amount and your phone number with duration thanks.

By: Jocelyn

Jocelyn — Wed, 26 May 2010 02:34:34 +0000

If you are paying extra every month, make sure that the amount you,ve paid are for priciple reduction. Most of it goes to a suspend account.

By: Peter Lim

Peter Lim — Fri, 12 Mar 2010 16:06:29 +0000

For every dollar you pay “extra” to reduce your loan, you would save on the interest. However, you would also lose the opportunity for your money (that you paid extra) to earn money for you.

Thus, i believe a better use of money is by comparing what you would save by paying “extra” (which is the housing loan’s interest rate) vs what would you hae earned with your money (your conservative rate of return on your money over your housing loan period).

For some, it might be better to pay off (especially for the ones who don’t know/ aren’t sure about investments). For some, it might be better off to invest the extra instead.

By: Penny

Penny — Thu, 15 Jan 2009 05:36:28 +0000

That’s a good point, Alvin. I happen to get free internet Giro services so I forgot about the fees on inter-bank transactions! Thanks for pointing it out.