Home loan payoff or investment – Which is a smarter move?

Pavitra received Rs. 3.5 lakhs from the sale of a family property in her native place. She has a housing loan of Rs. 30 lakhs for which she is paying a monthly EMI of Rs. 35,000. She has completed 2 years of the 7 years of the loan tenure. Pavitra is thinking about repaying a part of the loan with the entire inheritance amount while her husband is of the opinion that they must invest a part of it for their children's education in mutual funds or equity shares.

Often, these complex decisions...Read more:Home loan payoff or investment – Which is a smarter move?

Home loan payoff or investment – Which is a smarter move?

Pavitra received Rs. 3.5 lakhs from the sale of a family property in her native place. She has a housing loan of Rs. 30 lakhs for which she is paying a monthly EMI of Rs. 35,000. She has completed 2 years of the 7 years of the loan tenure. Pavitra is thinking about repaying a part of the loan with the entire inheritance amount while her husband is of the opinion that they must invest a part of it for their children's education in mutual funds or equity shares.

Often, these complex decisions...Read more:Home loan payoff or investment – Which is a smarter move?

Cheap Mortgages And Real Estate Are Encouraged To Invest

Mortgages are currently the cheapest in the autumn of 2005. Average interest rates for new clients dropped to values around 3.25%. Experts advise for people is to delay their plans for a home or investing in real estate. Here are some tips for better orientation in the world of mortgages.

The term mortgage is always hiding an identical product. Mortgages differ not only in their volume ratio of the value of the property, but also other parameters and additional services. The modern mortgage...Read more:Cheap Mortgages And Real Estate Are Encouraged To Invest