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Should one use current savings to repay home loan?- Property Hotline
Posted
October 28, 2016
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30
October 28, 2016
30
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1:38Now PlayingExpert: Kartik Jhaveri - Founder & Director-Transcend Consulting India Private Limited.
Question: If I have an existing home loan then should I use my current savings to repay it and clear it out? Or invest in some other medium with higher returns? Please suggest if there are any such mediums.
Answer: Better idea is to invest your current savings into equity mutual funds through the STP route. Let the money grow and then use the profits generated over a period of time to repay the home loan.
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