Dear Mah Bow Tan,
Together with Wong Kang Seng, both of you are the most hated PAP
ministers, judging by what many Singaporeans say about both of
u.
Now you want us to extend our hosing loan so we pay less each
month. Do you know that If you take a loan for 30 years the
interest paid is 2 and a half times the value of the loan.
Suze Orman the 'US financial lady' says that if you cannot to
pay a 15 year term loan, it means we cannot afford a house.
According to her, a 30 year loan is a rip off because the total
interest we will pay to the bank for a 30 year loan is
RIDICULOUS.
