Archive for March 11th, 2007
Know Your EMI
Sunday, March 11th, 2007The principle in arriving at EMI is that the total amount payable by the borrower is found depending on the term of the loan and the equated monthly instalment. This EMI is so fixed that initial payments will largely cover the interest component and huge payment towards principle repayment will be achieved only in the […]
Reverse Mortgage: All You Needed To Know About
Sunday, March 11th, 2007With banks and housing finance cos readying themselves to bring out reverse mortgage products, Vidyalaxmi gives some useful tips on how senior citizens can leverage their property with a bank/finance company
We all know that reverse mortgage will enable senior citizens to mortgage their property with a bank/finance company and receive monthly payments. At the end […]