SHOULD YOU TAKE A LOAN TO BUY A HOUSE (PART1)
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- Опубліковано 2 чер 2021
- #nri #nrimoneyclinic #financialplanning
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Good insight on loans. As correctly stated it shall vary per individual.
In-depth analysis.👍🏼good one
Sir., make a separate video on home loan for building rental property.
Thank you.
When we purchase a house First question we should ourselves whether I need a house or not. if we have one house I think we should not go for second one.
I tried for oan to build house but ultimatly i decide that insted of getting loan i can build ahouse part by part slowly in my small salary it is convenient rather than getting loan from bank.for that i invested 2 year back in mutual fund and now i building house little blittle with my salary rest of balance if required i take it from MF rather than take loan from bank and keepung tention of intrest and principle amount upto 20 or more years.
Sir would appreciate your thoughts on below how one needs to be aware of the H.L. rates banks are offering , mean if banks are showing you less rate however indirectly the rate of interest is more which normal customer don't understand. Eg: Nationalized banks offers very cheap rate of loan say 7pct on contrary ICICI Bank is saying we can offer 6.85 , is this for real that a private Bank is a actually offering less ? How or is it something which we don't know?
Please help to assist
Thank you :)
Thank you 🙏🏻
Excellent video 👍
Very nice explanation.
Very Very useful
It will be better to buy the dream house by taking the home loan instead of accumating the money and then buy own house.
Thanks for great explanation makes really easy to understand it's pros and cons
Sir,I need to take loan for my son last year studying abroad .What type of loan I should take from Bank in India .
moral: more you know more you get confused, the less you take risk
I can't afford to buy a nose sir my dream is a own house some one will surely help me to buy a house
Super 👌
How to know an individual's budget to buy a house
He never reply u..wate of time.
Hi can you make a video on various investment options for NRI housewives who have small monthly income (around 50k) in India. If NRI’s can invest in stocks, MF and other investment options that can be easily monitored and managed from India. Also, if it’s safe and advisable to invest in crypto currency, digital gold and others similar things through various mobile apps. Asking everything from POV of housewives .
Stay away from crypto. Don’t invest in something you don’t understand. Invest money where NPS invests. It will be much much safer and stable as government will have in their best interests due to politicians also needing pension
Thank you for sharing such valuable perspectives sir, I am hooked to your channel
Thank you very much for your kind words
Buy house is good
Hello sir..,
Please advice
Is it safe to take housing loan for "rental purpose house" construction.??
The answer is No or Yes depending on rental yield you get from such investment
Sir , your video is very very use full for youth like me who is at 25yrs . Sir I earn 75k per month and I am bachelor I want to buy a house right now and all the check point as you told is satisfied . Sir I want to buy a home under 50L and I am planning to get housing loan and I can pay 50k per month and 20k is very very sufficient to because my father to earning .so is it advisable to get home loan ?
You can take a home loan and invest the rest . Please subscribe and keep sharing the videos
Everything is same 25 year
75k
But I am only earning member.
What should be EMi amount
Hi Chandrakanth sir
Thank you for your wonderful videos i learnt a lot.
I am a software engineer by profession .
Im planning to construct a house with a housing loan.
But our plot is not dtcp approved and is it mandatory to have dtcp approved plot to get housing loan?? i am expecting a housing loan for construction . can you plz suggest me were i will be eligible for a housing loan with low interest. Im worried i will never get a housing loan.
Take home loan foreclose as early as possible, to reduce interest
That's a bad idea
Sir plz make video on homeloan prepayment
Sir..ji, Can PPF Money be used to buy A House, Still home loan is needed. I want to buy Home which may cost 50.lakh.
I have PPF FUND 25.lakh.
Is it better to take only Half Amount of loan..I am 43.years old.
My PPF is getting Mature in April 22.
Kindly give your expertise advice..
Don't close ppf extend 5 more years( compound interest)part of ppf can be withdrawn for down payment of house
What is rule if I sell my flat and use that amount to prepay my home loan on another home?
I had taken an home loan of 45 lakhs this year. I will get approximately 10 lakhs next year end. Is it wise to reduce my outstanding loan amount with it or to invest elsewhere to earn more returns? Please include this in ur part 2 video.
I'd say payoff your loan unless if your other investment where you plan to invest yields you more gain than interest rate of the loan.
It's better to reduce principal amount, as first few years most amount of emi is interest
Good day, pay down payment and plan emi such that it does not swipe ur purse fully. Don’t think of interest. Don’t worry appreciation will be such that all interest u paid will be covered up by the price appreciation of the property.
Only if you will sell it off
Only the needy sells it.If not sold . It stays in the category of your assets.
anoop. if not selling your asset value is increased.
What is the use not able to enjoy your days
The value of buildings may go down after few years. So that buildings have Depreciation only and not Appreciation. Eg: In 2021, rate of plinth area of a building is Rs.2000/- per Square feet and therefore cost of a new building has 1000 Sq. Ft. is Rs.20 lacs (Rs. 2000x1000 sq. Ft. ). If You want to sell 1000 sq.ft area building which is 20 or 30 years old in 2021, You may hardly get Rs.1000/- per square feet. Therefore, value of Your old building will be Rs. 10 lacs or little bit more or less.
Don't give your whatsapp no and don't tell the people to message. There is no reply at all from u. U simply wanted to earn from youtube that's it
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Sir..v.good information ...reqd.ur numb..sir..thq...for watsup
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