How to build corpus to buy your first home
Buying a house is one goal that every individual has on their bucket list. It is one of the major financial decisions and involves a lot of planning and detailed budgeting. It carries a huge responsibility, in terms of making financial arrangements to fund this goal. One needs to understand their cash flow and their requirement to adequately finance this goal. However, we believe, if one takes the right financial decisions, they can easily build a corpus to fund their goal of buying a house. Firstly, one must decide on the timeline to buy their house and plan accordingly. Starting to plan as early as possible is advisable. If you start planning at the age of say 25, you would be able to save enough to buy a house in the next 7-10 years. However, one must be aware of the financial and investment options available to them to help them build this corpus. Of course, home loan eases some load off one’s shoulders. But, one needs to plan for the down payment of the house, which again, is qui