What is Home Loan Insurance Policy? Is it really mandatory to take it when you are getting a home loan? Let us understand in this post how the bankers misguide the borrowers and force them to purchase the Home loan Insurance and what are the other better alternatives you have.
In my previous post on Home Loans, I did a comparison of a 20 year and a 30 year home loans and explained how interest is calculated in a loan and the calculation involved while prepayment of the loan. We saw how prepayment helps in reducing the overall interest amount to be paid and closing […]
Buying a home is the dream of most of the people. Due to sky-rocketing (or already sky-rocketed) prices of houses in most of the cities, it is becoming difficult for the middle class to buy a house just with savings. Home loan gives us the flexibility of buying our dream home now and paying back […]