How Much Interest Do You Pay For Your Home Loan

[Passiveearner]

Earning interest will actually harm your finances. Investing in volatile assets such as gold, silver, and cryptocurrencies is much better because by the end of the year, you will be earning more if you avoid interest and rather invest money in real assets such as gold. The ratio of interest to inflation is very low. Many banks do not offer high interest rates and this is why earning interest is not a good idea.

 

[Nite]

Investing in assets such as gold, silver, and cryptocurrencies can certainly offer higher returns, but they also come with greater volatility and risk.

 

[eldavis]

I don't have one yet, and I am hoping in the future I won't need one to have my own home.

 

[Passiveearner]

You can avoid interest by avoiding financial instrument such as credit cards. Many people use debit cards instead that offer interest-free option to purchase products.

I don't have one yet, and I am hoping in the future I won't need one to have my own home.

 

[eldavis]

You can avoid interest by avoiding financial instrument such as credit cards. Many people use debit cards instead that offer interest-free option to purchase products.

Over here we don't even have access to a credit card. Most people are not even aware there is anything like credit cards cause all they give us is a debit card.

 

[fcbetting]

Latest news in my country said how for house loan you would pay 5% interest back. When you calculate it, for each euro you borrow you must return euro and half.

 

[Nite]

It's important to carefully think about the total amount you will end up paying back over the life of the loan before committing to such a financial obligation.