hi everyone,
I'm a newcomer to this forum... though im a fresher, i came to know many things about which i dont have knowledge. Assuming that you withdraw your OA to the max limit permitted in excess of the minimum sum cash component, and from now till June next year you use the monthly contributions in the OA to service the mortgage which means that your OA will not grow significantly, so when it comes to July next year, the higher limit kicks in and you won't be able to use your OA to service the monthly mortgage and you'll have to match the shortfall in cash. This can be painful. So the idea is that if you only marginally meet the minimum sum cash component, you need to set aside a greater buffer or restructure your HDB mortgage so that both mortgages can be comfortably serviced taking into consideration increases in the minimum sum cash components each July, especially if you are not planning to sell your flat.
Tinting
