Homeownership is an exciting yet complex venture. Many individuals, eager to secure their own self-owned living space must opt for home loans. Now, If there is a situation where one took out a 20-year home loan but wishes to clear it off in just two years, is it advisable? The question is, will one end…
The purpose of this blog is to emphasize the necessity of leading a loan-free life. There are moments in life when availing home loan becomes unavoidable. But, is it good to repay the home loan early? In this article, we will read why prepayment of loans cannot be ignored. For quick answers, read the FAQs….
If you are in a dilemma about whether to invest or prepay the home loan using your spare cash, then you are not alone. This dilemma happens to a majority of people. When people climb-up the income ladder, they begin to generate more free cash. If the focus is on improving one’s financial health, wise…
These days we often hear the phrase called “taking a haircut”. What does it mean, and how it effects a common man? In simple language, taking a haircut means “agreeing to settle a deal for a loss”. Why banks would agree to accept a loss making deal? To understand this, one must first understand what…
Buying insurance cover with home loan is not mandatory. But still, banks “insist” the borrower to avail this facility. What one must do? If buying insurance cover with home loan is not mandatory, then why the lender (banks) insist on it? There are banks who may not even accept the home loan application without insurance…
Let me give you the answer straight away. There is no way one can build or improve credit score without debt. Though there is a small compromise possible. But I will disclose it at the end of this article. But before that allow me to share my concept about “credit score” first. I know, you started to…
This home loan prepayment calculator gave me the inspiration to become debt-free. Now, after years of painstaking focus and persistence, I am finally debt-free. It is a different life. How I’ve reached this stage? My home loan prepayment calculator made it possible. How? It all started in the year 2012-13. While we were developing this…
Generally people apply for personal loan when they need spare cash. But personal loans dose not come cheap. So it is better that one takes wise moves while availing personal loans. So, what should be the step 1? People opt for personal loans rather casually. But this is one debt that people must undertake after…
This report will highlight a salary that can buy home in top Indian cities. We all like to have a property in big cities, right? But this is tough, as property price in these cities are sky high. People who live in cities like Mumbai, Delhi, Bangalore etc know how expensive can be a residential property….
If we have a credit card & we do not know how to use credit card it’s a problem. It is like not-knowing how to use a knife. To cook food use of knife is essential. But knife can also injure a person if not used properly. Similarly, improper usage of credit card can cause…
