Fixed vs Floating Home Loan: Which one is better?
When you are about to buy a flat for sale in Trivandrum, Kerala, your dream home, you have to make decisions which can have a serious impact on your life. You have to analyse your current financial situation and decide on how much home you can afford! Even if you go over your budget, not to worry! You can always opt for a home loan. But do not be in a hurry. Do give careful consideration. Then comes the question of Fixed vs Floating Home Loan: Which one is better? Here are some pointers from luxurykeralaflats.com, the no.1 portal for buying or selling flats for sale in Kerala . Read on... Fixed Rate Home Loan The home loan comes with a fixed rate of interest which is fixed at the time of availing it. There are also variants of the home loan available which allow you to fix your interest rate for specific periods of 2, 3 or 10 years. Fixed rate loans are priced slightly higher than floating rate loans. You should opt for a fixed rate home loan when you are about to buy a flat for sa