Do you know the benefits of going for a true home equity loan?

Do you know the benefits of going for a true home equity loan?

Liquidate assets you don’t need and deploy funds in earnings yielding opportunities.

Amit and Sonia come in their very early fifties. Amit holds a mid-level job that is corporate Sonia is just a freelance attorney. They will have two grown-up young ones. The few is not able to conserve much up to now. They have the household they are now living in however the mortgage loan EMI will get in for seven more years. Bought for Rs 40 lakh around fifteen years ago, industry value for the household is somewhere around Rs 1.5 crore now.

Besides, they’ve some PF that is mandatory and a few shared fund assets. Their elder son, an architect, really wants to put up their very own endeavor and Amit is keen to give you some seed money. Just What should Amit and Sonia do? Should they draw from their existing corpus? (more…)

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