An accomplishment – Every individual dreams of owning a house in their name. A home loan allows you to accomplish this feat and realize your dreams. This is one of the biggest financial investments you make in your lifetime and can therefore be considered an accomplishment.
Capital appreciation- Land is an appreciating asset in most cases. Construction costs have also increased over the years. As rents get more expensive with inflation, investing in your own house can shield you from inflation.
Benefits in interest rate- In the 90\’s, banks used to charge up to 18% interest on loans. Today, you are able to get a home loan at 7.65% annually. The decrease in the interest rates coupled with capital appreciation makes it a dual benefit plan.
