POSTED BY February 8, 2014 7:48 pm ONE COMMENTON
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?
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