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Home Loan Prepayment - When Should You Prepay Your Home Loan | IndianMoney.com

Prepayment means paying off home loans in advance. Home loan borrowers may prefer to prepay their home loan, when they have extra funds. Prepayments will reduce the home loan tenure and also your financial burden. Borrowers have to pay a prepayment fee. All home loan borrowers should know when to prepay home loans. If you require funds in the near future, do not prepay as you could face financial difficulty.   This video is all about home loan prepayments. The speaker describes the circumstances when home loan customers must prepay the home loan.  He gives the reasons why lenders discourage customers from prepaying home loans, and highlights the benefits of home loan prepayments.  

 
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