Should I use money from property sale to prepay an existing house loan ?

POSTED BY Landcruiser ON February 8, 2014 7:48 pm ONE COMMENT

Hi,

Is it correct to use funds from a property sale to close or prepay an existing housing loan. I would like to invest in another property, but want to close the existing loan partially and avail a second home loan. I have read there are more tax benefits to go for a second home loan as the entire interest will be exempted from tax. Can someone explain this also?

One reply on this article “Should I use money from property sale to prepay an existing house loan ?”

  1. ashalanshu says:

    Dear lancruiser, please read past discussions here in the forum and you ‘ll get all the info.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today