Common Financial Dilemmas And How to Resolve Them
By siliconindia   |   Wednesday, 26 October 2011, 00:52 IST
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Increase Downpayment or Save For Renovation
Common Financial Dilemmas And How to Resolve Them
The greater the downpayment the lower the repayment burden and your monthly income doesn't suffer. The renovation can be done before you shift in the new place. Restricting yourself to a fixed down payment means higher EMI's and higher loan and at the end you will be left with minimum money to manage your daily expenses.