Finance is a critical factor in the purchase of property. It has become even more critical now with high interest rates prevailing and the outlook uncertain for the equity markets . With the unpredictable investment climate, astute financial planning is the only way to ensure comfortable repayment of the home loan.
In a rising interest rate regime, home loan borrowers could use investment avenues such as equity and mutual funds to cushion the effect of higher EMIs. Strategic investments in systematic investment plans and even directly in stocks can be liquidated to prepay a part of the loan to keep the EMIs down when the interest rates go up.
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