{"id":5853,"date":"2019-03-23T09:00:24","date_gmt":"2019-03-23T03:30:24","guid":{"rendered":"http:\/\/capitalante.com\/?p=5853"},"modified":"2019-03-21T23:52:51","modified_gmt":"2019-03-21T18:22:51","slug":"buy-a-home-or-rent-and-invest","status":"publish","type":"post","link":"https:\/\/capitalante.com\/buy-a-home-or-rent-and-invest\/","title":{"rendered":"Should I buy a home or rent and invest the money?"},"content":{"rendered":"

With the economic progression of India and on the wings of home loans at an easy and affordable interest rate and various initiatives by Government of India\u2019s project \u2018housing for all\u2019, people are more eager to take home loans and build their nests. But one of the popular questions is should I buy a home or rent one and invest the money. Here we will discuss if you should buy a home by taking a home loan or not. In addition, we will offer you some principles if you have created a fund for your dream home and have enough amount to buy a home or a flat.\u00a0 After that, we will discuss what amount you should put to buy a house.<\/span><\/p>\n

What ordinary people do?<\/strong><\/span><\/h6>\n

After getting a job or starting to earn at an age of 24-25. An average salaried employee first starts saving for a certain period of time i.e. for the first 5 to 10 years. After achieving the target of saving Rs. 10 lack, one individual goes to a bank and applies for a home loan on EMI basis. After reviewing the loan eligibility the bank gives the loan.<\/span><\/p>\n

Usually, an individual takes a loan to build his\/her own nest on easy EMI option either a monthly or quarterly basis repayment from banks or any other financial institutions. After the withdrawal of home loan, people get trapped into a vicious cycle. Earlier, I have mentioned on various occasions the benefits of remaining debt free. It is advised that you should pay off your home loan as early as possible.<\/span><\/p>\n

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