Should You Use CPF To Pay Off Your Home Loan?
What is CPF & what can it be used for? If you don’t know yet, 20% of the gross income of all Singaporeans and PRs below 55 years old is directed into their CPF account. CPF acts as a social security net and offers a savings account for your mortgage repayments. You will have 3 accounts (eventually 4 accounts) Your CPF Ordinary Account (OA) is aimed to help you achieve homeownership. It can be used for Special Account is created