Connect with us

News

Applying for a Home Loan? Here are 5 factors you must know

Published

on

Are you applying for a home loan? You should certainly keep more than a few factors in mind. Home loans come in handy whenever we have to purchase our dream houses which most of us, particularly the professional salaried classes, cannot afford otherwise. According to RBI loan guidelines a home loan is thus one of the biggest investments of our lives and has to be planned carefully in order to maximize one’s benefits from the same. Bear in mind that a home loan is a long-term investment and should be handled responsibly. You should only apply for a home loan in case you are sure that you will be able to responsibly manage and repay debt that you have on hand. You should also plan for emergency situations well in advance.

Too many people make the mistake of not having enough surplus funds saved up to cover rainy day expenses or cater to needs like sudden medical treatment and other exigencies without having to compromise on home loan repayments every month. Make sure that you have a corpus saved up as an emergency fund and this should encompass 3-6 months of your net monthly salary which naturally includes the amount that you are repaying as the home loan. Do not default on your home loan by all means. Defaulting means automatically ending up with a lower credit or CIBIL score. Any default leads to your score coming down drastically and this will hamper your overall credit rating and drive a wedge in your relationship with your lender. Make sure to repay your home loan timely and also try and prepay some part of the loan whenever you can. If you wish, you can always use your surplus funds or bonuses to repay some part of the home loan principal amount. Not only will this help you slash the overall interest costs payable on the loan, the EMI will come down. Now, if you keep the EMI unchanged even after prepayment, the loan will be reduced even further. This is a good strategy to take if you are considering applying for a home loan.

On that note, here are 5 factors related to home loans that you should definitely be aware of-

  1. Principal Amount Tax Deductions- There is an income tax deduction under 80C where you can get up to Rs. 1, 50, 000 as the deduction on the principal amount that you have repaid annually. However, bear in mind that this section covers several other investments such as insurance so you will have to plan and apply for deductions accordingly. This is also the section under which you get deductions on registration charges and stamp duty paid for your property.
  2. Interest Amount Tax Deductions- You can get up to Rs. 2 lakh as a tax deduction on the interest paid annually on your home loan under Section 24. This is another way to reap high benefits in terms of tax savings.
  3. Tax Deductions for First-Time Homebuyers- If you are a first-time home buyer, you will be eligible for a deduction up to Rs. 50, 000 under Section 80EE provided you meet certain conditions. 
  4. Joint Loan Applications- If you apply jointly for a home loan with your spouse or eligible family member, not only does your home loan eligibility increase, both co-borrowers can get the same home loan tax benefits in case they are both co-owners of the property. This maximizes tax benefits for a family.
  5. Down Payment- You will be required to pay anywhere between 15-20% of the property price upfront as the down payment. This has to be arranged prior to applying for the home loan. Try and pay as high as you can in order to keep the home loan EMI low.

Aditi Ahuja is a noted Financial Consultant and Adviser. As she has been worked with many financial firm for several years, she has extensive knowledge in this field. She writes on Financial affairs, issues and solutions covering a broad range of topics like loans, insurance, investment and funding. Aditi loves to write and travel in her free time.

News

Why did Daniel Patry Break His Gabriel Kuhn Body Into Two Parts, despite being friends?

Published

on

16-year-old after Gabriel Kuhn, 12, refused to repay $1.75 for virtual currencies, Daniel Patry sodomized him as well as killed him and cut to pieces his corpse. What began as a means to allow Gabriel Kuhn, then 12, to make new friends and have a blast was turned into the death penalty when he was introduced to Daniel Patry, then 16.

Due to his past of violent outbursts, Daniel’s parents referred the boy to a variety of Brazilian psychiatrists with the hope that one of them would help their son of 16 years. Daniel was scared of doctors and refused to open up to them. However, his aggressive behaviour in therapy eventually led Daniel to quit attending therapy.

Some claim he was in a psychiatric institution, and others claim that he quit attending classes. Neither claim has been confirmed.

Daniel, most of the time, was on the internet engaging in Tibia games. Daniel played for hours and hours playing the Tribia monster in his interactions online with other gamers.

A Conversation between Gabriel Kuhn and Daniel Patry

During one of his lengthy games, Daniel was able to meet Gabriel as Daniel and Gabriel moved next door to one another and acted as fast acquaintances.

There were lots of coins available to spend in the no-cost Tribia game. Coins can be used to purchase everything within the game, including new characters and outfits and virtual animals.

Gabriel has created a private server to ensure that Gabriel as well as Daniel can play the game together. Gabriel once contacted Daniel and asked that he take a loan to borrow virtual currency so that the player could buy items from the virtual store of the game. Gabriel needed 20 thousand pennies, or around $1.75, to purchase something in American currency. After a few days, Gabriel said he would return the coins. Daniel took the loan offer.

When Daniel attempted to log in to the game one of the days Gabriel was scheduled to return the money, he discovered that he was barred off the servers.

Daniel Patry Meets Gabriel At Home

Daniel Patry

Daniel was irritated and decided to decide to pay Gabriel an unexpected visit to his home. When Daniel finally came to Gabriel’s house, He had already decided to end Gabriel, his “buddy.”

When Daniel returned home, Gabriel was there by herself. Although Daniel due Daniel the money and blocked Daniel from his server, He had no idea that the teenager was capable of such a rage. To try to repair the fences between him and his friend, Gabriel welcomed him inside, and he entered.

After entering the house, Daniel immediately launched an attack upon Gabriel and slashed the boy, who was smaller in size and brutally beat him several times.

While Gabriel lay on the ground in pain as well as bleeding, Daniel was laughing at his ridicule. Gabriel then declared (with determination) that he was telling his mother about the incident Daniel did.

Daniel cut the computer cord of Gabriel and began to choke Gabriel. The incident reportedly sparked his sexual desire, and he launched into a sexual attack on Gabriel while he continued to tighten cords around his neck.

Daniel Hems Gabriel’s Body into Two

Daniel believed that Gabriel had died and attempted to squeeze his body into the crawl space but failed. He found a hacksaw within the house and began cutting Gabriel’s body up into small pieces, thinking that this was the most convenient method to move the body.

Thankfully, Gabriel had not yet died. Then, he fell and screamed. Daniel was awed by the possibility of being able to hear Gabriel screaming and fighting. Despite Gabriel’s pleas for help, he kept cutting his body until it was split into two pieces.

He tried to stuff Gabriel’s head and body into the crawlspace after creating Tibia symbols inside his body. When he realized that his body would be too large, Daniel abandoned it in the hallway and ran away. The following day, Gabriel’s brother discovered the grisly scene.

Daniel admits to killing.

Gabriel Kuhn Murder

When the police first learned of the dispute on the internet, and were able to question Daniel. Daniel admitted to having killed Gabriel and also provided the investigators with gory details of the incident. Daniel didn’t appear to feel guilty as he recounted his experiences.

The moment they learned that Daniel had been sodomized by Gabriel and had sex with him, they believed they were homosexual. In response, he snarled and denied his homosexuality.

Gabriel spent three years in a Juvenile detention Center.

Daniel Patry was tried and was found guilty by the courts in Brazil as a young man and found guilty of three-year imprisonment in a juvenile detention facility. The prison sentence was lifted in 2010, and Daniel was released. Following Daniel’s release, his whereabouts and whereabouts were largely unrecorded. Perhaps he’s been using the name of a different person now.

Follow us on venturejolt.com for news. Be sure to bookmark our website to stay up-to-date with the latest news. Also, you can tell us in the comments section if you’d like to know more regarding any other related subject in this particular case.

Continue Reading

Trending

%d bloggers like this: