POSTED BY April 11, 2014 1:59 pm COMMENTS (6)ON
I am bit confuse with Simple but Complex question, Which one to opt first, Paying Housing Loan Or Investment for Future(Not Retirement)? Could you please help me chose right one from it?
I am 30 year old married (No Children)and and i have following investments, insurance and Liabilities –
1. Term Insurance of Rs. 1.25 Cr.
2. In PPF, investing around Rs 30k/year.
3. Housing loan from SBI @ 10.25/annum interest rate of 26 lacks for 25 year & now its 24.5 years and only 50K deducted from my principle amount.
4. I have planned to start investment in Mutual funds for Retirement.
And my long term plan like, finishing the home loan ASAP as well as create corpus for my children(s) for their eduction & marriage.