| A mortgage loan may have certain hidden charges, | | | | period. But, cross check with your bank what is the |
| beware of these. If you are a first time buyer it is | | | | penalty you need to pay in case you pay back early. |
| advisable to go through a guidance manual which will | | | | Just cross check with the rate of interest you would |
| help you understand the intricacies of a mortgage. It | | | | save by paying off early. If it is really lucrative, then you |
| takes some time of yours to go through the manual | | | | must try taking this wise decision. |
| and it is a must as you are pledging your valuable | | | | It is advised that you read the fine print carefully so |
| collateral against it. | | | | that there is no confusion. You must be aware of the |
| You are considering a long duration loan, see if you | | | | options open to you. If it is for pub finance, you must |
| want to stretch your loan period for long? Say about | | | | be aware that there are pub brokers, bankers and |
| 15 to 25 years would be ideal for those who can't | | | | brewery owners to help you out. Getting your liquor |
| afford huge equated monthly instalment every month | | | | supply and your loan from the brewery owner would |
| and would want to pay less but over a stretched | | | | be a good idea for your bars, pubs or night clubs. They |
| period of time. If you have sold your shares and | | | | may offer you discounts on liquor supply as well as |
| property and have a lot of cash all of a sudden, you | | | | your loan interest rate. |
| can decide to pay your mortgage earlier than that | | | | |