A common misconception among homeowners is that they cannot use their CPF funds to pay off their bank mortgage loan. But there are conditions attached. Are you planning to refinance your mortgage loan but not sure if it’s the right time? In this episode of Money Talks Explains, Clive Chng, head of relations at Redbrick Mortgage Advisory, gives a breakdown of what homeowners should consider – from loan tenure to interest rates – before making the move. Here's an excerpt from the conversation: