For everyone who avails of a housing loan, repayments are an immense burden. Being debt-free is truly the dream of all home loan borrowers. While buying a house is far more convenient with easy home loans taken from any lending institution, debt is never a financial blessing.
A few years after you apply for a home loan, you will have the option of closing your home loan by making a prepayment. Prepayment is also a popular method of saving on interest payments. You can make prepayments for home loans online or offline, but your decision to do so should depend on the amount of loan left and the remaining tenure. Once you have decided to close your home loan early, here are a few things you must remember to do. [Read more…] about Important Points to Remember Before Closing Your Home Loan