Are you looking for investing a new property, 3 BHK flats in Calicut it’s a great choice as an investment. With the increase in oil prices & depreciation of the rupee, there is always a chance of interest rate hikes. Here are some tips to counter increase in home loan interest rates
1. Prepaying the home loan
In India, most of the banks do not charge any prepayment penalty on home loan. Pay the extra EMI when you have surplus income with you. By doing so you can save lots of money.
2. Buying the property immediately
Its to good to buy a home immediately. As delaying the home buying decision, immediate expenses crop up.
3. Switch to a fixed rate home loan
If there is a higher chance to increase the home loan interest rate, then its better to switch your floating rate loan to fixed rate one.
Ladder Kerala, one of the most sought-after names for quality premium apartments in Calicut presents their flagship project, Ladder Mankav Greens. The project, flats and apartments in Calicut accommodates the best of urban lifestyle in the city.
To Know More About The Project http://ladderkerala.com/ladder-mankav-greens/
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