He previously a mortgage and you may prominent outstanding towards the mortgage try doing 6 lacs
The theory, though looks cutting-edge, is quite effective. The concept should be to use your put from inside the latest or checking account in order to offset certain the main prominent. Once part of the main is actually offset, the interest obligation precipitates. I’d certain Repaired Places from the 8-9% while the focus for a passing fancy is actually nonexempt. I experienced all of them know and you can deposited the fresh proceeds into the…
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