Couple chose to service loan using cash

Mrs. J.S. Yee's proudest achievement is that her family is able to pay for the mortgage instalments entirely with cash.
Mrs. J.S. Yee's proudest achievement is that her family is able to pay for the mortgage instalments entirely with cash.PHOTO: ST FILE

Is it tough to service your mortgage entirely with cash? Not when you know why you are doing so and that you have planned for it.

Like many property owners, when Mrs J.S. Yee and her husband bought a two-bedroom apartment in Marine Parade about 10 years ago, they used their Central Provident Fund to pay the bulk of the 20 per cent down payment.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Sunday Times on July 12, 2020, with the headline 'Couple chose to service loan using cash'. Subscribe