My Home Loan Journey

How to Increase your income and become wealthy by Brain Tracy

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 10 Lessons from the The Science of money How to increase your income and Become wealthy by Brain Tracy and Dan Strutzel: 1. Money is a tool its not the goal the goal is to use money to achieve your financial goals and live a fulfilling life 2. You must earn more money than you spend this is the foundation of wealth building  3. You must save money this means putting aside a portion of your income each month  4. You must live within your measn this means spending less money than you earn form ur side 5. You must live within your means this means spending less money than you earn 6. You must get out of debt is a major obstacle to wealth building  7. You must protect your money this means having insurance and diversifying your investment  8. You must give back to your community this is a way to show your gratitude for your success and to make the world to understand the better place 9. You must be patient and persistent wealth building takes time and effort dont e...
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My Home Loan Journey

RBI Guidelines check before signing your loan agreement



Though it took close to a year for Thiyagu and Divya to find the home today they have happy with the investmnet 

Thiyagu and divya couple of years back that their family more requires so they decide to start looking for a big and better space however they pandaemic hit and   they had to put their plans on hold during the initial out break of covid-19 we did not step out but started subsiding in the latter half of 2021,

we officially began our home hunting journey shares divya the couple spent close to home hunting our goal was to buy a house in community that offered all the essential facilities right here being near our kis school was iamportant to us was choosing safe enivorment for the gated community including my mother in law who lives with us to eloborate divya

So did the search end in a fruitful result we visit the sample flat in casagrand platinum villa project in padappai location near to possession and simply fell in love with it the back yard space in living room it was very nice big balcony is attached to every room especially 

when the project is ready and has received the occupany certificate Noc, they have not moved out in the interior work is currently underway there are no Griha Pravesh dates for the next couple of month we will be moving in november she add

Buying a home is big financially commitment which couple also realised pretty early in their homebuying journey 

Cost of House -              35 Lakhs
Year of Purchase -         2018 
Home Loan Amount -   30 Lakhs
Down Payment -            5 Lakhs 
EMI -   Rs                       27000/-
Tenure of the Loan -      20 Years
Rate of Tenure -              9%

Below Given Table Interest Rate Chart -
You Can Find Out which best is suite for you


we spend our saving amount we take for the down payment amount and rest was taken care of through home loan divya mentions we had a committed a one error we took the home loan in floating interest rate (9 percent) however since the RBI increased the repo rate consitently over a year  our interest rate today it will be very high more than (11.10 percent)  we took a loan in India Bulls Finance it will be very costly home loan company so we manage and pay the EMI on correct time in very month so we proffesionally working in private concern so it is managed very month budget 

so we think about this as of now we pay smoothly on month on month payment we decide part payment to preclosing before the tenure we planning & decide month on saving plan scheme and SIP as partial payment we pay through this so will move out on this clear the dues within the limited year


Final Think - If you think anything in the world dont take so much time to decide just get it and make it ourselves as much shape you want you make Just Step into it 

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