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Why take a home loan ?

In my 27 years of real estate consulting, I have seen almost 93% of my clients avail a home loan to fund their home purchase. Since most home purchases are beyond the budget of home buyers, they use home loans to bridge the gap between their funding and the total cost of the home they are buying.

But what if I tell you that many home buyers still opt for home loans even if they have spare funds to buy the dream home. Yes that’s true. In today’s scenario buyers prefer taking a home loan to fund such purchase. And here is my insight into why these clients prefer taking a home loan.


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Homeownership is an effective investment option. Ignore it at your own risk!

If you are one of those tentative individuals who is still swinging between renting and buying a home of your own, then this article is for you. Just so that you feel better, you are not alone when it comes to decision making related to a home and we know there could be many genuine reasons behind this procrastination. After all, it’s a long term commitment, isn’t it, much like getting married? No one would blame you for changing and chopping plans about buying a home.

If you would want to believe people (like us) who have been there and done that, there are certainly many virtues of taking this long term pledge. Let’s explore a few emotional and financial reasons for taking the plunge as you read on and ponder about it:


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