Rented Home vs Buy Home with loan
There are some people among us who might be confused and not able to decide if they want to rent home or move into their own home, either way you will be shelling out money. However, loosing money is not always a bad thing if it is for your good & welfare. Let' s try to differentiate and narrow down both types of home.
A rented home is an excellent option for the following reasons i.e. if you are not going to stay in a location for more than 2 or 5 years and have probably living their due to your current business requirements, or you are still not settled in your life i.e. your earnings per month is not sufficient for you to apply for a good home loan.
Buying a new home with home loan is a good option if your earnings are good you can save at-least one third of your monthly income to be used to repay the Home loan Emi' s, you have a family and have settled in your life and don' t want to move out of your accommodation after every couple of years.
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