ilmscore | Prediction Details
"the cost of your house should not be more than five times of your annual income right. ... if you are taking a loan to buy a house, the loan tenure should not exceed 20 years and last what is 40, 40 percent of your total income should be the maximum EMI amount, fair enough."
By CA Rachana Phadke Ranade | August 13, 2022 | Pending
From video
When Should You Buy Your First House? | CA Rachana Ranade 00:01:42 - 00:02:06
Interpreted Prediction
The recommended '5-20-40' rule for home buying suggests that the house cost should not exceed 5x annual income, loan tenure should be max 20 years, and EMI should be max 40% of total income.

Prediction Details

Topic
Home Buying Rule

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