09/12/2007
One of the essential elements in the negotiation of a home loan is the delay allowed for repayment of the capital, i.e. the duration. In general terms, one may say that the longer the duration of a home loan the lower the amount of each repayment instalment, which gives the borrower more breathing space; all this, however, means paying overall a larger amount in interest, precisely because the capital is repaid more slowly. The practice also is that a longer duration