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
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
Is it true...? Anyone getting the same monthly . Then throw some light please
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.
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
No..thanks.. looking for suggestions only
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.
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.
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.