Simplified facts and practical information about home loans in a simple language while avoiding the technical jargon associated with it! I was confused with Finance in Home Loans and this Blog is an simple expression! I am a Healing Artist, and not attached with any Financial Commercial Institution and am not responsible for any financial links posted Take care and surf information before committing!
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17 September 2013
Affordable Renting Homes in US for NRI- New Approach Towards Buying Homes in US
Affordable renting is becoming more and more practically helpful
new approach in US among NRIs.US
hasshown tremendous progress in terms
of house constructions and with villas to duplex apartments , there is place
for all luxury living here. But with the value of Dollar going up, and home
prices shooting high in US a change for better coming up now as the rates of
houses are increasing the new thought coming up is, is it worth purchasing a
There was a time when people used to dream of owning a home.
This was the biggest and first dream every newly married couple would have,
that is to have a roof over your head. Be it a one room kitchen, a two room
kitchen or a two bedroom hall kitchen or a bigger flat, everyone just had to
have a home of own.
Affordable Housing Renting in US
The west has been showing constant change in values and
progress financially and as we all know buying a flat in the United States or any
foreign country is so expensive people prefer staying on rent. There are so
many advantages in this as they save on the commitment of a home loan
and since the pressure of repayment is not there they can enjoy their
income and save accordingly. And as the situation changes they can shift to
another locality. Even in Mumbai the same trend is going on and as homes have
become unaffordable in elite areasand
buying a home on home loan is becoming more and more of a dream unreachable.
Let us try to understand this new concept in home living.
Since homes cost very high and your life's most precious years go in the tied
down feeling when you are bound with the repayment of a huge home loan, people
in the US are trying this new age mantra. The sum amount of a home price is too
big and when you invest this sum you are assured of some income every month
when invested in a good financial institution.
Home Rates US
A good financial consultant
or financial planner can help you to plan your life according to the finances
available. Since the future is unpredictable people are getting scared to
commit for say 15 to 20 years ahead with a home loan.
The policies are changing and the rules for lending and
borrowing are changing constantly in the US and it is always understood that
borrowers are always at the receiving end for any changes and they have to
shell out the extra money to balance any changes in rules on loans.
So now people are accepting the way of living of the west.
The culture of living in rented apartments is the latest trend going on and as
many upper end companies offer good home rent it is also very easy and
convenient. You save your precious finances that come into your home every
month in form of monthly income and also an important part is that there is no
burden of a home loan that is hanging constantly over
With renting people are free to choose the best locality
near their work place offering posh luxury homes with fully furnished and
having latest amenities on rent.
It does work out fine if you are not attached with the dream
of owning a home. You save every month the amount that would go into your home
loan and invest this amount in a fruitful venture or investment option.
so just enjoy! when your home owner increases the rent move