Owning anything is the best feeling in the world, which not only gives the sense of accomplishment but also works as a wonderful asset building tool to achieve our financial freedom. The same way buying or owning a house can be the best step towards your financial success.
Whenever we borrow to buy a house, the lending financial institution lends us money which needs to be repaid over a certain time period, with some interest built into it. This in traditional terms is also known as Mortgage Insurance, where the financial institute wants a security for their landed money in case something happens to the borrowers, and they are unable to pay back the money. These traditional plans are offered by your financial institution and Insurance companies.
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