I am in the midst of searching and buying my next home, and have
sort of decided on a price tag of $900-$1mil property in order not
to overstretch our finances too much.
Based on our balance of $350k CPF, and $200k cash on hand, we're
not really sure if we should dump more cash into the new property
and end up with shorter loan period.
My intention is to keep the excess $150k cash (after deducting
$50k option fee), and the other 15% payable by CPF ($150k). So
we'll loan 80%, and use 150k cash as opportunity funds for
investments, and 200k CPF for investments as well. Is that what you
guys will do as well? We're quite comfortable with the monthly loan
repayment, barring any major interest rate increase in the
future.