Thursday, January 17, 2013

Mortgage payments

A family should take a loan not more than 200 times of the monthly payment that they can afford. If the monthly payment (including CPF) is $2,500, the maximum loan is $500,000. This allows for interest rate to increase to 3.5% and for the loan to be repaid over 25 years.
http://tankinlian.com/admin/file.aspx?id=736&IID=742

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