Amit Prakash Singh, Director Sales-Mortgages, Square Capital has contributed an article elaborating on various aspects of home loans. Published online at Outlook Money (February 26, 2019), it mentions,
‘Since a home loan is mostly sought once in a lifetime and the amount involved is usually huge, it is needless to say that utmost care should be taken to select the right loan. The loan seeker must do a thorough assessment of the financial needs in the near, medium and long term future of his/her family along with aspects like job security, chances of income going up or down in the future. Doing a thorough assessment of these factors is important because the EMIs can go up if there is worsening in any of the above aspects. ’
Read the full article here
