What are the advantages of buying a property on loan with no EMI till possession

  1. soni2006 profile image79
    soni2006posted 6 years ago

    What are the advantages of buying a property on loan with no EMI till possession option?

  2. mike roche profile image59
    mike rocheposted 6 years ago

    Although I was a mortgage banker for 35 years I must confess I don't know what EMI is. Perhaps you mean PMI (private mortgage insurance).

  3. Prop-speculator profile image59
    Prop-speculatorposted 6 years ago

    Mike, I'm glad you asked the question regarding the abreviation 'EMI'. 

    Soni, I'm not sure about your terminology but are you asking about the advantages of an interest-only mortgage for property investment, with no capital repayment until it's sold?

 
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