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It would be wise decision to clear the home loan early and accumulate money for future need as life expectence will increase substantially due excellent medical treatments available that woul leads for increase of food items in future. Have few acres of agriculture land to produce food items
This my personal forecast as Agriculture scientist.
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| BASAVARAJAIAH (Posted: Jan 21, 2011) |
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considering the tax benefits on both principal and interest paid on home loan, specially for tax payers who fall in highest tax bracket, it may not be a very good propsition to prepay the loan provided it is for a shorter tenure
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| VK DHIMAN (Posted: May 6, 2009) |
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