Thanks to the booming real estate prices and high interest rates, housing loan EMIs can't be termed modest anymore. That is exactly why everyone talks about buying an insurance cover for the housing loan.
"If something happens to the main borrower and the the family can't afford to pay the EMIs, they can be evicted from the house ," says Suresh Sadagopan, a certified financial planner and founder Ladder 7 Financial Advisories.
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