Warrior88

You are right on the calculation. You got a lot of cash since your balance loan is high. Assuming if you had fully redeem you loan. Your cash proceeds may be less. Right, you don't pay resale levy. Right, no wipe out of CPF if take bank loan. Seems to me the 5% would be lower than $25,000. And that you had chosen bank loan. Need help in chosing which bank. Just mortgage may help you.

Therat mention is Medisave Contribution Ceiling. 37,500 You are talking about Medisave Minimum Sum. ( MRA ) For retirement The Medisave Minimum Sum is the amount you need to retain in your Medisave Account whenever you make a withdrawal of CPF savings (e.g. at age 55, 56, etc). The Medisave Minimum Sum will ensure that you set aside enough savings to meet your future healthcare expenses. The amount from 1 July 2010 will be $34,500 and it is adjusted every July of the year. Any amount in excess of the prevailing Medisave Minimum Sum can be withdrawn. Both of you are correct

Perhaps, your mould may had been there a long time liao. Might takes a few rounds to get rid. Don't be disheartened

Q: How do I make a capital repayment or revise the monthly instalment amount if I have taken up a bank loan to pay for my HDB flat? A: If you have taken up a bank loan and wish to make a capital repayment or revise the monthly instalment amount, you may either: a) instruct your financier, who has linked up with the Board, to liaise directly with the Board; or b) submit your application (HBL/3) directly to the Board. No need to pay lawyer I search here and there, still this is the correct one. Perhaps, you write to Public-housing-bankloan@cpf.gov.sg

Think for EC, income ceiling = 10k But for DBSS, still cap at 8k For others like extended family, income ceiling = 12k This is link to children who are working

My tokong accounts comes not from working. Purely base CPF contributions from salary will not fill up your stomach, as contributions are cap at $4500. So more and more are going to Medisave.

No sure how is your understanding of profits. I assume you know abt the acrrued interest ..etc. For bank loan/HDB loan. There is another thread on this topic

Thought they raise the limits slightly ?

50% cash proceeds or 25k whichever is lower is for 2nd concessionary HDB loan. Nothing to do with new/resale, upgrade/downgrade. You borrow "Ah Kong" money, must obey his rules. Even if he change this rule tomorrow

Oops... you are right, For pte, bank loan, can go on line For hdb, hdb loan, can go on line But for hdb, bank loan, Logon, My requests Property Request form .... shortcut link http://mycpf.cpf.gov.sg/NR/rdonlyres/D3F5E...217F/0/HBL3.pdf Check if this is what you want.

If got pte, sell em, no point buying another pte, cos got 30 mths rule. So, no choice, buy resale, MOP=36 mths, then apply new hdb. But then kena resale levy, if apply new hdb. So, looks like you already decide your path when you bought your pte. unless, you will to rent a home for 30 mths.

Ya, last time, must fill up form and mail to CPF. Now every 2 years must do bank review for repricing or refinancing, like handphone, every 2 years must got goody bag. CPF will revised your monthly installment plan, subject to bank approval and that you had not exceed the withdrawal limits. Lots are other things can transaction onine now.

I am a scout bee now. But recently felt my eyes getting bigger, must be into the stage of evolving to drone bees

Yap, what bepgof say is right ! must think twice since you have the choice. Pros & cons. Short & long term.

Above can fund through CPF But please note not the new ruling from Mar 2010 abt the 50% cash proceeds or $25,000, whichever lower for HDB loan.

No need to go there, just logon cpf and submit online. Know why, sometimes, for bank loan goes up & down. Whether repricing or refinance. So monthly installment will be change. Where got time to go office everytime. No need to call lawyer, go office. Just submit online

Not tried drilling them. Lazy, I guess. My tiles are laid horizontally. It makes my bathroom looks wider. No tblog? Wah piang Eh, Sometimes, I wonder where you guys get the energy to post it. Once reno start. many immediate decision to make. I run of of energy le. You guys are really superhuman:) Maybe one day, la. I post. But it will be POST reno.

I put bleach in spray bottle. Spray on these areas and leave them overnight. Next morning, my helper will brush & wash them with water. This is my monthly maintenance programme:)

Hi Davidbslee, Sure, go to the office if you feel comfortable. 15 years ago, We pay HPS base on tenure and the loan amt. One lump sum. Imagining paying >8,000. Later, as HDB price go up, HPS also go up. . So to make it look affordable and reduce the refund amt, Now HPS is paid yearly base on outstanding loan. So it gets cheaper each year. What we commit should be affect our "FAMILY" If I should return my IC, my loan are insured. I buy accident, health, life & investment, mortgage loan insurance policy. Even though I owe bank money. I have peace of mind knowing life still goes on without me. As they are not burden financially. I also keep some CPF to TOP UP for my parent.

Life like that one Infant-Basinet, get married-studio, got children-2br,3br,4br,GBC., children married liao-studio Finally, return back the IC, sleep in coffin. Legacy does not matter anymore.

Okay la, not been paying income tax for a few years liao

Revision of monthly installment plan can be submitted online through CPF. Need to logon Singpass. Thought the effectively month not immediate but the following month. IMO, HPS is the best package CPF even offer. Not only this is affordable but can use CPF. Both should buy 100% each. % of protection is related to contribution. Should either one RIP there are a lot of repercussion, altering your lifestyle not only in terms of finance. Trust me, pls don't save in this.

Crying now If I turn 55 this year, at least can take 30%(OA+SA). If you turn 55 after 2013, Must keep MS+Medisave MS. Based on my projection, can withdraw only $5000. Now must plan my funds liao. Try digging my funds out before 55, or increase my projection. Too bad kena lock 60k liao, 60k can use for home loan only.

Bro, I own 3BR, should have bought a 4br. This topic never end le. Cos number of children keep increasing

Withdrawal Limits 120% - 150% VL: a maximum limit Unlike the AHWL which is a moving limit, the 120% - 150% limit is fixed. Once it is reached, CPF members will not be able to withdraw any more CPF for their property (the limit applies to a particular property, so members can use CPF for other properties which have not reached the limit). Date of Purchase or Loan Refinancing HDB Flat* (bank loans) Private Property^ 1 Sep 2002 - 31 Dec 2002 Not applicable 150% of VL 1 Jan 2003 - 31 Dec 2003 150% of VL 150% of VL 1 Jan 2004 - 31 Dec 2004 144% of VL 144% of VL 1 Jan 2005 - 31 Dec 2005 138% of VL 138% of VL 1 Jan 2006 – 31 Dec 2006 132% of VL 132% of VL 1 Jan 2007 – 31 Dec 2007 126% of VL 126% of VL 1 Jan 2008 onwards 120% of VL 120% of VL * For purchase of new flats, it refers to the date of booking. For resale flats, it refers to the date of application received by HDB.