Paying the housing loan early

Buying a house is a big milestone for most people ( nowadays getting it is a bigger milestone!).

To buy a house we usually take a nice loan from the bank or housing loan companies amd we intend to pay it over the next few decades.

This however starts to pinch us subconciously since the house doesnt necessarily belong to us ..the house papers are locked with the bank.

The house is an important part of our retirement.  A place to stay without bothering to renew the lease every 11 months or being at the whims of the owner and shifting if they dont like you. ( i had to shift a house every year until we got fed up and shifted the society).

It is a good idea to pre pay the loan on the house whenever there is a chance... a jump in salary , a nice bonus. All these will reduce the number of years of the loan.

Especially now... the equity markets are volatile and debt is not giving any returns . Also the most recent mpc of the RBI talks about no longer being accomodative... which means that the interest rates are going up.

So .. pay off some money when you get a chance.. make it easier on your subconcious. It is the right time to get the home to your name.

Thats simplefinancialsense