In my openion only fools will take loan and construct house. if you really look at the cost of the house and the interest it will be more than double the ordinary cost. because you are getting money with out hard work you dont feel the pinch and you help the cheaters to loot the poor and the middle class people.
RE:EMI and interest hike by banks.
by on May 02, 2007 01:49 PM Permalink
While calculating interest for home loan, inflation which is a major factor in affecting money value is taken for calculation. You should consider what will be the value of money after 15 or 20 yrs.
RE:EMI and interest hike by banks.
by sivakumar m on May 06, 2007 06:15 PM Permalink
george , I suggest you not to forget your limits, I'm wondering whether you have any awareness on finance sector. Consider these factors, you will know how best is the Home Loan 1) Money Inflation rate 2) Value of the asset after 15- 20 years 3) Tax benefit 4) At this rising world, check your comfortness in living in your own house rather than a Rental one.
