house loan interest

Housing finance offers to make buying a home relatively easier, but this financial aid comes at a cost known as house loan interest . And though this cost might seem like a real pain in the neck with each equated monthly installment, there are a few interesting benefits & advantages of paying this cost. It may seem hard to believe but it’s true and to prove it, this article will highlight 5 silver linings of this expenses, that otherwise seems like a dark clouding looming over the end of every month! 1. House loan interest rates are at an all-time low. The first silver lining of the interest you pay on a housing loan today is the fact that you are paying interest at a rate that’s never been lower than what it is. For borrowers from 10 or 15 years ago, this rate can seem like a breeze to handle. In 2008, the prime lending rate was upwards of 12% per annum and today, there are some lenders who offer interest rates starting from as low as 8.35%. So if you’ve opted for a home