[/caption]
Do you always up size your Burger?
Do you always max up your whatever loan you take? Car loan or especially Home loan can be up to 30 years. If you opt for a 30-year home loan, your banker loves you most.
Why not you try to borrow this book from NLB? Know your interest : a guide to loans and investment / Tse Yiu Kuen.
or quick visit to http://createwealth8888.blogspot.com/2009/02/my-no-leverage-principle-why-part-1.html
Repayment of a home loan is usually made in monthly installments. Each installment consists of two parts: principal repayment and interest payment.
Do ask your bank to provide you a full details of home loan repayment schedule, then you would know how much of the monthly installment goes towards paying the principal and how much towards paying interest, and the total amount of interest payable for the whole loan tenor.
Sometime, I feel that your banker is just better than Ah Long (Loan shark) as your banker allows you to pay small part of the principal in the first few years while Ah Long doesn't, and you always seem to owe them full principal even after paying for some years.
A 30-year home loan??? 30 years is a very long time and your future is full of uncertainties but only certainty is your monthly mortgage and must not fail. Read more...[caption id="attachment_3419" align="alignright" width="150" caption="Photo by love･janine"][/caption]
Do you always up size your Burger?
Do you always max up your whatever loan you take? Car loan or especially Home loan can be up to 30 years. If you opt for a 30-year home loan, your banker loves you most.
Why not you try to borrow this book from NLB? Know your interest : a guide to loans and investment / Tse Yiu Kuen.
or quick visit to http://createwealth8888.blogspot.com/2009/02/my-no-leverage-principle-why-part-1.html
Repayment of a home loan is usually made in monthly installments. Each installment consists of two parts: principal repayment and interest payment.
Do ask your bank to provide you a full details of home loan repayment schedule, then you would know how much of the monthly installment goes towards paying the principal and how much towards paying interest, and the total amount of interest payable for the whole loan tenor.
Sometime, I feel that your banker is just better than Ah Long (Loan shark) as your banker allows you to pay small part of the principal in the first few years while Ah Long doesn't, and you always seem to owe them full principal even after paying for some years.
A 30-year home loan??? 30 years is a very long time and your future is full of uncertainties but only certainty is your monthly mortgage and must not fail. Read more...
[/caption]
Do you always up size your Burger?
Do you always max up your whatever loan you take? Car loan or especially Home loan can be up to 30 years. If you opt for a 30-year home loan, your banker loves you most.
Why not you try to borrow this book from NLB? Know your interest : a guide to loans and investment / Tse Yiu Kuen.
or quick visit to http://createwealth8888.blogspot.com/2009/02/my-no-leverage-principle-why-part-1.html
Repayment of a home loan is usually made in monthly installments. Each installment consists of two parts: principal repayment and interest payment.
Do ask your bank to provide you a full details of home loan repayment schedule, then you would know how much of the monthly installment goes towards paying the principal and how much towards paying interest, and the total amount of interest payable for the whole loan tenor.
Sometime, I feel that your banker is just better than Ah Long (Loan shark) as your banker allows you to pay small part of the principal in the first few years while Ah Long doesn't, and you always seem to owe them full principal even after paying for some years.
A 30-year home loan??? 30 years is a very long time and your future is full of uncertainties but only certainty is your monthly mortgage and must not fail. Read more...
