M27. Married no kids.
Gross / nett pay - RM10.8k \ RM8.5k per mth
EPF 1 - RM91k
EPF 2 - RM18k
EPF 3 - RM12k
ASB - RM66k
TH - RM8k
ASB is for emergency, future kid expenses (plan for labor at private hospital + childcare) and travel fund - all combined.
I have been eyeing to buy a house at RM400k (subsale) but being in a private sector, I cant attain 100% financing… best i can get maybe 90% (i have asked a banker)… so perhaps at least i need 15% ~ around RM60k cash needed for downpayment + other costs.
No other loans, only have commitments like money for wife, food, rent, shopping all totalling ~RM4.5k.. so i have around RM4k that would otherwise be dumped into my savings or splurged for travelling.
I am in a dilemma whether i should withdraw RM30k both EPF 2 & 3 to fund my downpayment, and fork out another RM15k from ASB…
need advise if its a wise decision or should i wait while renting first and keep saving money for the downpayment & not touch my EPF.
Wondering what other people experiences as well if you dont mind sharing?