Combine Two Home Loans into One: Simplify Finances, Save Money

• Consolidating two home loans into one can simplify financial management and potentially reduce interest burden.
• Main reasons for consolidation include interest rate differences, administrative simplicity, and better cash flow.
• The process typically involves a balance transfer where a new lender pays off existing loans and issues a fresh combined loan.
• Carefully calculate interest rate savings, tenure impact, and all associated fees (processing, legal, valuation, foreclosure penalties).
• Consider tax implications, especially for self-occupied versus rented properties, and consult a professional for complex structures.