Is it safe to pay 40% own contribution for home loan?

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	Is it safe to pay 40% own contribution for home loan?

Ravi_Karandeekar

10-31-2008 9:04 PM

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tags:

pune real estate market news, home loans, interest rates, pune real estate slow down

Ravi_Karandeekar says:

Now risk is yours. Your bank is safe.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0abf1b04-a87c-4257-a642-913bc749f8ae/B06D0FE4-4C1B-4D2D-8E5A-0FEA17619104/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://ravikarandeekarsblog.blogspot.com/2008/10/be-ready-to-pay-as-much-as-40-own.html" href="http://ravikarandeekarsblog.blogspot.com/2008/10/be-ready-to-pay-as-much-as-40-own.html" style="font-size: 11px;">ravikarandeekarsblog.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://ravikarandeekarsblog.blogspot.com/2008/10/be-ready-to-pay-as-much-as-40-own.html"><DT id="c1653713386567227581" class="comment-author anon-comment-icon">Sanjay
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<DD class="comment-body">
<P>If you pay 40% as own contribution and you get the possession after two or three years, just calculate how much of money in interest you will lose. Even if the rate of interest on housing loans falls, you will pay much more than what you would have been paying earlier. And in case of default, your bank will just sell off at whatever cost, just a little above 40% to recover its dues. So if the US economy does not come back to full gear in the next six months, expect property prices going down by at least 40 percent.</P></DD></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B06D0FE4-4C1B-4D2D-8E5A-0FEA17619104/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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