Home loan prepayment vs investing: When should you use extra cash to repay debt?
· livemint.com
Home loan prepayment can reduce interest costs, while investing surplus funds may offer higher returns. Compare the loan rate, post-tax investment gains, risk and liquidity before deciding.
Most home loan borrowers aspire to reduce their overall debt. This is done either by making larger EMI repayments or by making strategic prepayments. That is wh...