Best Time to Refinance Your Home Loan: A Complete Guide

Home loans come with remarkably long repayment tenors, ranging from 15-20 years. Such an extended period can entail several changes in one’s financial position and make it increasingly difficult for borrowers to chalk out an effective loan management plan.Consequently, repayment difficulties, plus reductions in home loan rates as seen now, prompt many borrowers to seek refinancing. However, individuals need to time their home loan transfer depending...

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Important Things to Remember While Transferring your Home Loan

Besides lower interest rates, home loan transfer also accompanies a range of benefits like better service, pre-approved offers and many more. However, to leverage the optimum advantage, individuals have to consider a few things. Here are some of them. Time of refinancingIt plays a crucial loan in determining the profitability of this facility. Generally, in the initial stages of repayment, individuals mostly service their interest liabilities....

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