Quote:
Originally Posted by svsundar81
One point to be noted down here is,
EMI Will not increase when the time goes down. But the rent will increase.
regards
Sundar |
Yeah, but you will have accumulated a significant sum (compounding) by saving the difference in EMI paid and rent paid, which in some areas is 100-200%!
So you can then put in more down payment, and reduce the interest paid to banks
*Have a look here:
http://spreadsheets.google.com/ccc?k...FM0NDMVE&hl=en
*Courtesy Abeerbagul