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24, should I take a 15 year home loan?
I’m 24, live in a small town near Islamabad, and ideally want to move out within the next 10 years. My father is pushing me to buy a property here through a home loan. I’m earning well alhamdulillah, can qualify easily, and might never get the same chance again if property prices keep rising.
The problem is, I really don’t want to lock myself into 15 years of installments for a place that I dont even like, and I may not even want to live in long term.
But then I think what if my father is right when he says you’ll never be able to do this on your own later? If I pass on this chance now and genuinely never manage to buy a home myself?, and regret not buying when I had the chance? I’m confused af.
#local #current_events
source
I’m 24, live in a small town near Islamabad, and ideally want to move out within the next 10 years. My father is pushing me to buy a property here through a home loan. I’m earning well alhamdulillah, can qualify easily, and might never get the same chance again if property prices keep rising.
The problem is, I really don’t want to lock myself into 15 years of installments for a place that I dont even like, and I may not even want to live in long term.
But then I think what if my father is right when he says you’ll never be able to do this on your own later? If I pass on this chance now and genuinely never manage to buy a home myself?, and regret not buying when I had the chance? I’m confused af.
#local #current_events
source
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