It has become almost next to impossible to live Debt-free. Most of us cannot buy homes or fund kids’ education or buy a car by paying up-front in cash. As a thumb rule, 30 to 40% of your income can be used to pay long-term debts (loans). This is one of the metric that most […]
Loans & Credit
Property investment : How to unlock its value?
Investment in a property can be highly profitable. But when you need cash to meet your unexpected expenditure (like medical expenses or child education expenses) it may not be possible to sell it. Infact no one would like to sell their property to meet short term unexpected expenses. Real life experience: One of my friend […]
Reverse Mortgage (Home Loan)
What is it? A reverse mortgage (or lifetime mortgage) is a loan available to senior citizens. Reverse mortgage, as its name suggests, is exactly opposite of a typical mortgage, such as a home loan. How does it work? In a typical mortgage, you borrow money in lump sum right at the beginning and then pay […]