ilmscore | Prediction Details
"if I want you to bring back the home loan back to a 20-year home loan which the new bank can do. What that typically does is not only that you save on 2% of interest, but uh your EMIs almost become half of what it currently is because your tenor has gone up."
By Finance With Sharan | March 27, 2025 | Incorrect
From video
60k Income, Managing FAMILY After Losing Father | Personal CFO Ep. 4 | Finance With Sharan 00:19:42 - 00:19:57
Interpreted Prediction
Refinancing a home loan to a 20-year tenure can halve the EMIs, in addition to reducing interest rates.
AI Evaluation Notes
The prediction states that refinancing to a 20-year tenure can halve EMIs in addition to reducing interest rates. While refinancing can lower EMIs and reduce interest rates, halving the EMI solely through refinancing to a 20-year tenure is not generally accurate as it highly depends on the initial loan amount, interest rate, and remaining tenure.

Prediction Details

Topic
Loan Refinancing and EMI Reduction

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.