Advertiser Disclosure

Why Now Is The Right Time To Buy A Home

Why Now Is The Right Time To Buy A Home Finance

Are you one of those who hates monthly installments? Would you rather prefer living in a rented apartment, not wanting to worry about availing home loans, repaying them and maintaining your home? Here are a few important reasons that could possibly change the way you look at this situation and probably decide on buying a home.

Home loan procedures are seamless

Gone are those days where you need to wait for ages to even meet a person from the Bank. This is the era where you just walk into any of the money lending firm and request for your home loan. Just bring along the necessary documents and voila, you have a home loan! Ain’t that quaint?

Rental prices are insane

Every year rental prices increase by an average of 4%, which implies that in roughly three years you will be paying 12% more than what you are paying now. To simply put, you cannot afford this kind of an insane inflation rate. Since more people are opting for rented apartments, the demand for the same goes up, resulting in an increase in rental prices. Why pay rent when you can actually substitute that for a monthly installment?

Home is a money machine

If you were to evaluate the equity situation of your home in 5 to 7 years time from its purchase year – you will surely realize what a great decision you have taken! If you had bought your home in the right area and for a right price – you are sure to gain significantly from the whole deal. Considering home loans are generally sanctioned for 80% of the worth of your home, you are practically covered from all sides. Even if you decide to sell your house in less than 10 years, you will stand at a great advantage – you would not only repay the loan but end up with a fat profit. Where would you mint such kind of a money if you decide to live forever in a rented apartment?

Above all, there is no denying the fact that your home cannot be compared to anything else. The sense of ownership and well-being is quite strong if you live in your own haven. Enjoy this process

417 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
cate

Few Good Points That Will Convince You To Invest In Silver IRA

IRA stands for an individual retirement account. An individual retirement account is one type of savings out which will help you after your retirement and will give many tax benefits. There are two types of IRAs. One is traditional and another is Ro...
467 VIEWS
Finance

Understanding Pet Insurance

For those who treat their pets as members of their family and shower love and affection on them, pet insurance is an essential investment in their care for the animals. Pet owners are increasingly willing to spend enormous amounts of money intending ...
430 VIEWS
Finance

How Financial Advisors Can Help You Save For A Rainy Day

If you are earning money and have thought about saving some for the future, surely you have thought about using the services of a professional financial advisor. Assessing the financial needs of an individual or family, financial advisors help wit...
430 VIEWS