This morning, we went to EPF office to apply for the withdrawal for housing loan reduction from Account 2. The house loan has been 5 years plus and we still owe around RM270k plus. All those years we keep paying the interests and the loan amount does not reduced much. After much weighing, we decided to reduce the principal via EPF withdrawal. I am not so sure whether it is a wise move but BLR has been higher so with the loan amount reduced we do not have to pay too much interests.
We did our first withdrawal back in 2007 when we were to pay our down payment for the house.
Anyone doing the same thing as I do??? Any differing opinion?