Mirror Now
@mirrornow·2.2M subscribers·145K videos
Should I foreclose my previous loan and take a new loan? - Property Hotline
Posted
December 30, 2016
Views
65
December 30, 2016
65
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:28Now PlayingExpert: Harsh Roongta CEO, Apnapaisa.com, Home Finance Expert
Q: I bought a house in Pune in 2011 for Rs 23 lakh. I took a loan from SBI with an EMI of Rs 21,000. I currently have enough money to foreclose the loan in total. I want to take a loan to buy a property in Lucknow worth Rs 49 lakh. Should I foreclose my previous loan and take a new loan or should I use the money to make down payment for new property?
A: One of the options could be that he uses the surplus money to completely close the existing loan and take a larger loan for the Lucknow property. The second option could be he uses the surplus money for the Lucknow flat and therefore take a lower amount of loan. The third option is he takes a regular loan in Lucknow and invest this surplus cash.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
