BouncyUnicorn
BouncyUnicorn

Buying home by home loan or savings from MF

Hi folks, Which one is better...? Buying home at 25, by home loan and paying EMI rest of life. Savings from FD, MF and stock market and buy home at 50

8mo ago
ZoomyWaffle
ZoomyWaffle
Student8mo

I have read or listened somewhere that you have 1cr ya 2cr( I don't know exact amount)invest in stocks or mf then you will get monthly 5lakh
It's a good amount
Instead of buying a house you can do this

BouncyUnicorn
BouncyUnicorn

Is it true...? Anyone getting the same monthly . Then throw some light please

GoofyCupcake
GoofyCupcake

You can expect a return of 10% yearly on MF. Considering 1cr investment you'll get around 10 lakh yearly. With 2 cr it will be around 1.6 lakh per month.

FluffyPotato
FluffyPotato
Student8mo

If you are looking for the consultancy for investments then I work in a company where our founder who has 20+ years experience in the banking sector provides consultancy as per your needs.....we provide the consultancy for the usage of your savings and the loans and for more help we can have a chat....do let me know please if you are interested in it. We provide both online and offline meetings with the consultant
Thank you

BouncyUnicorn
BouncyUnicorn

No..thanks.. looking for suggestions only

TwirlyWalrus
TwirlyWalrus

Buying Home at 25 makes more sense as you start early and your home will be loan free at earliest. No stress of the landlord, rent, and any other nuance rest in case if you move to another house anyhow you'll get the appreciated value of the property. So, buying a home makes more sense to me.

JumpyMochi
JumpyMochi

Try to defer buying a house as long as possible.
Although buying a house is a emotional choice, but taking a huge loan at yearly years can cause serious troubles if things go wrong.

I am not sure about your industry/role, but in software engineering, it is possible to buy a house without any loan in 7-8 yrs.

WigglyMuffin
WigglyMuffin

I had the same doubt. Everyone says don't take home loan too early in your life. unexpected things can happen. Then that EMI will be headache. Our jobs are also not that secured.

WobblyBiscuit
WobblyBiscuit

It would be great if you could tell when did u start your career and in which domain

PerkyNoodle
PerkyNoodle

Buying home in your 20s or early 30s are the worst decisions you can make. Of course unless you are sitting on a pile of cash. You'll fall in the trap of emi. It's a prison. It will easily push you 10-20 years behind. I'll suggest investment

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