Taking a home loan is a long term commitment, spanning decades. You must identify your intentions, needs and consequences of this decision. A home loan enables you to buy your property without a massive Cash/CPF outlay – (often impossible) – unless you’re Batman, and though we can’t check with him personally, we’re pretty sure that even he takes home loans.
A home loan by approved financial institutions e.g. Banks & HDB (yes they’re an official financial institution also) is generally regarded as a low risk decision, as there are multiple guard rails, stress tests, volatility mitigating factors that ensure most loans are not risky or over-leveraged.