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Owning a house remains the middle class family's biggest goal. Time was when you couldn't even dream, of buying a house till you were into your middle age. These were days when years would be spent stashing away money for 4 walls and a roof - No longer. The Market is flush with lenders tripping over each other with offers of loan at competitive rates, which bring your dream house within reach.

Advantages of owing a home

  • Provides a sense of security.
  • Builds equity.
  • Provides stability.
  • Is an asset you can fall back on in times of need.
  • It is easier to buy property today, owing to stability in prices and tax benefits that can accrue to you by investing in housing.
  • Real estate fetches an 8-10 per cent annual return. Therefore, appreciation is guaranteed over a period of time.
  • The rate of mortgage interests i.e. the interest charged by the housing finance company on home loans is at a historic low and is more flexible than ever before. Hence in this declining interest rate scenario, home loans have made owning a house a reality.
  • The Income Tax Act provides for deduction on interest payable on capital borrowed for acquisition or construction of a property. With such tax concessions if makes sense to own a home by availing a housing loan.
  • The rent is usually about 20-25 percent of your monthly income as compared to the 35-40 per cent that goes towards EMI. However, the annual tax saving on EMI means that the actual figure comes down to roughly 30 percent of your monthly income.

Asset homes,G-129,28/34 A,Panampilly Nagar,Kochi-36,
Tel: 0484 6456474, 9846 499 999, 9745 200 250 Fax: +91 484 2320899
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