Do you know that housing Loan
can become a lifetime companion?Banks, being the most usual funding entity for home loans currently allow borrowing up to age 70. Commonly Housing
loans allow a Fixed
installment repayment amount even in the event of increased interest rate, which in turn prolongs the repayment duration. Can you imagine what will happen to a borrower who borrowes till age 70 and relies on a variable interest, if in the event the interest Rate
increases? In such scenario, don't you think that the housing loan can then turn out to be a lifetime companion - Debt till Death?To know ...