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Of home loans, EMIs and property insurance
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financialexpress.comBy Sunil Parameswaran
In earlier days, the normal practice was to save money, and buy a home just before retirement, or at the time of retirement. In fact, most people would use their provident fund to acquire a home. Government employees would use this money to acquire a home, and then depend on their pension income for other expenses. Those who were supported by grown-up children, had another source of support.
Today people in their early 20s take housing loans. A home loan is an amortized loan.
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