Which option is ideal for Home Loan tenure: Short-term or Long-term? - PowerPoint PPT Presentation

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Which option is ideal for Home Loan tenure: Short-term or Long-term?

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Read this Kohinoor's article to resolve the dilemma situation whether the short-term home loan is excellent or long- term home loan. Click this link to get to know more. – PowerPoint PPT presentation

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Title: Which option is ideal for Home Loan tenure: Short-term or Long-term?


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Which option is ideal for Home Loan tenure
Short-term or Long-term?
  • By Kohinoor Group
  • https//www.kohinoorpune.com/

2
  • The quintessential Indian dream for an
    extended time is of owning a home. However,
    buying one in the 21st century isn't a
    simple task, especially if you're a
    first-time home buyer especially as you'll get
    to be equipped with the know-how of how a home
    loan works.
  • So, lets start with the fundamentals.
  • A home loan is typically taken either for
    construction of a replacement house or renovation
    or to buy a flat/apartment. Moreover, the
    eligibility for an equivalent generally depends
    on the repayment capacity and property price.

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  • Furthermore, home loans are mostly sanctioned for
    a maximum tenure of 30 years, but it's observed
    that the typical period people go for pay off
    their home mortgage entirely is around eight
    years.
  • You plan to pay an EMI (Equated Monthly
    Installment) after you take a home loan. EMI of
    60-65 of monthly income for a stipulated period
    can go as long as 30 years. The longer the
    tenure, the lower the EMI.
  • To read the post in details please visit our blog
    here Which option is ideal for a Home Loan
    tenure Short-term or Long-term?

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  • This might sound tempting for you to go for a
    25-30 year loan. But, the most straightforward adv
    ice is to require a loan for the shortest
    tenure you'll be able to afford. Long-term
    loans result in higher interest payments.
    So, it's crucial that you make the proper choice
    that wont hurt you in future.
  • Related Post - Who Can Buy a Home in Pune?

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  • To read more articles on real estate inbound
    marketing visit Kohinoor blog
  • https//blog.kohinoorpune.com/

6
  • ADDRESS
  • Kohinoor Development Corporation
  • A-102, ICC Trade Tower,
  • S.B Road, Pune 411016
  • sales_at_kohinoorpune.com
  • Contact no. 020 6764 1839
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