The conversation between human and AI assistant.
What is better pre EMI or interest before possession of house?
How does paying interest before possession affect my finances?
Paying interest before possession can be costlier initially, as you will be paying interest on the entire loan amount. However, it may be better for long-term financial planning as you will be reducing your total interest burden over the course of the loan. This can help you in saving money in the long run, and lower your total cost of buying the property. It is important to keep in mind that this option may not be suitable for everyone, and you should carefully consider your financial situation and long-term goals before deciding which option to choose.