Asked by jason lum
I am living in Penang island. Me & my wife has an existing loan of 140k on a leasehold apartment near USM with monthly installment of about 800/month. We are only 4yrs from the 29yrs loan and we are staying there with kids. We just bought another new 3storey terrace house with another loan of about 850k which installment of 3.6k/month which will only start 2 yrs from now. Let's assume i have 200k in 2 yrs time, should i settle my apartment loan of about 130k can collect rental about 900/month from it or should i dump it into my new loan to reduce the principal of the new 3storey terrace house?
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