Saving in Deposit or Buy a house?
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Buying a house does need lot of money and need at least a long time. And this is make a problem itself. We can have a house by paying with their own or with a debt / borrowing money. With our own money, we will face difficulties because of the large numbers, not to mention home prices rising every year. And before we have the money, worth the house price has gone up.
The second way is owed / borrowed, for the debt first we may ask to the family : a parent, brother or sister. Why is the family? Usually borrow to the family of non-interest bearing. But the difficulty for large families also face difficulty making loans to us.
The next place we borrow is a financial institution (Bank). Borrowing to buy property is allowed because the interest charged is less than the loan without collateral. Tenor that is given between five years to fifteen years and some even provide up to twenty-year tenor.
If we count inflation in our country, which currently ranges between seven and ten percent each year so our deposits return being to minus. If you currently want to buy property while placing your money in the deposit to the amount sufficient to pay the cash advance, cash advance to purchase the property approximately thirty percent.
But not to buy by placing cash on deposit. We have discussed above that return deposits tend to be smaller than the rise in property prices. So it can not cover the rise in property prices. There are several other instruments to be considered in investing is gold, mutual funds, shares or business. Happy investing, and let choose investment in deposits or buy a house!
The second way is owed / borrowed, for the debt first we may ask to the family : a parent, brother or sister. Why is the family? Usually borrow to the family of non-interest bearing. But the difficulty for large families also face difficulty making loans to us.
The next place we borrow is a financial institution (Bank). Borrowing to buy property is allowed because the interest charged is less than the loan without collateral. Tenor that is given between five years to fifteen years and some even provide up to twenty-year tenor.
Usually, when we select the longer period, the smaller the installment. But to borrow at a bank in need of administrative requirements are a little complicated. For the revenue side, can be separated calculation operations. The goal, avoiding the mixture of personal finance and operational revenue side.
Another thing with your bookkeeping separated more easily calculate the capital, costs and profits what we get. Appearing question, is it better to choose the deposit or buy a house? Return the deposit is equal to five to eight percent while the return on the property we can get ranges from ten to twenty percent.
If we count inflation in our country, which currently ranges between seven and ten percent each year so our deposits return being to minus. If you currently want to buy property while placing your money in the deposit to the amount sufficient to pay the cash advance, cash advance to purchase the property approximately thirty percent.
But not to buy by placing cash on deposit. We have discussed above that return deposits tend to be smaller than the rise in property prices. So it can not cover the rise in property prices. There are several other instruments to be considered in investing is gold, mutual funds, shares or business. Happy investing, and let choose investment in deposits or buy a house!
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