BQ Big Decisions: What You Need To Know Before You Take A Home Loan
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
For many people, the most money they’ll spend on any one thing is when they buy a house. In India’s metropolitan cities, with prices of property having risen to astronomical levels, a home loan is a necessary pre-requisite.
When facing the decision to buy a house, several times people don’t accurately calculate the impact that purchase has on the rest of their financial lives. In many cases, a home loan ends up becoming a ball and a chain, ensuring that other, smaller financial goals and sometimes even big ones like saving for retirement are tougher to achieve.
On this BQ Big Decisions podcast, BloombergQuint spoke to Suresh Sadgopan, founder of Ladder7 Financial Advisories, to discuss how much an individual can safely borrow, and how to optimise the repayment of a home loan.