by admin 
Buying a home beforehand has certain advantages you either get to spend a major part of your working life free of rent straits, or the house continues to give great returns as an appreciating asset. You can also make it a great source of fresh income (and bring down your loan EMI burden) if you plan to rent it out.
Financial discipline is the foundation to making this dream affordable. You need to pay the down- payment on a house from your own fund. This can be anywhere between 10 and 25 of the property’s requesting value. However, also the down- payment will be between Rs 6 lakh and Rs 15 lakh, If a 2BHK apartment costs around Rs 60 lakh.
We all dream of retaining a home, but do you have the details sorted? Are you looking to buy an apartment, an independent house, a condo? How numerous bedrooms do you want? What amenities are you willing to pay for – auto parking, swimming pool, club house? Where will it be positioned – in the heart of the megacity or on the outskirts?
A good credit score( above 750) not only makes you eligible for a home loan, but also increases your negotiating power for lower interest rates. Because of the long term of home loans, you actually end up paying a lot more as interest – way more than the top quantum, in fact. For illustration, if you adopt Rs 60 lakh for 30 times at8.7 sire, you ’ll end up repaying Rs1.09 crore in interest charges. But if you were charged advanced interest rate due to a poor credit score, you may end up paying much more. For illustration, the same loan given to you at a rate of10.5 will lead to a total interest of Rs1.97 crore over 30 times.
Floating rates are pegged to the bank’s MCLR. The MCLR is dynamic and changes in tandem with current macroeconomic conditions. The Reserve Bank of India’s( RBI) Repo Rate, which is the policy rate that influences all loan and deposit rates in India, also influences the MCLR. A hike in the Repo Rate may lead to a hike in the MCLR, thereby adding the interest rate of the home loan.
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𝐖𝐞 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐭𝐨𝐩 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 𝐚𝐠𝐞𝐧𝐭 𝐢𝐧 𝐀𝐧𝐝𝐡𝐞𝐫𝐢 𝐄𝐚𝐬𝐭 𝐰𝐡𝐨 𝐰𝐚𝐧𝐭𝐬 𝐭𝐨 𝐝𝐞𝐥𝐢𝐯𝐞𝐫 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭-𝐯𝐞𝐫𝐢𝐟𝐢𝐞𝐝 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬.
𝐑𝐞𝐧𝐭𝐚𝐥 𝐚𝐧𝐝 𝐎𝐮𝐭𝐫𝐢𝐠𝐡𝐭 𝐟𝐥𝐚𝐭𝐬 𝐚𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞.
𝐌𝐮𝐤𝐞𝐬𝐡 𝐄𝐬𝐭𝐚𝐭𝐞 𝐀𝐠𝐞𝐧𝐜𝐲 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐭𝐨 𝐠𝐞𝐭 𝐲𝐨𝐮𝐫 𝐁𝐞𝐬𝐭 𝐟𝐥𝐚𝐭𝐬!
𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀 𝗼𝗻:
𝗠𝗿. 𝗠𝘂𝗸𝗲𝘀𝗵 𝗦𝗮𝘃𝗹𝗮 – 𝟵𝟵𝟮𝟬𝟰𝟲𝟲𝟴𝟵𝟳
𝗗𝗶𝗺𝗽𝗹𝗲 𝗦𝗮𝘃𝗹𝗮 – 𝟵𝟴𝟳𝟬𝟳𝟰𝟳𝟭𝟳𝟰
𝐅𝐨𝐥𝐥𝐨𝐰 𝐔𝐬 𝐎𝐧:
𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 – https://bit.ly/3q0ySUl
𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 – https://bit.ly/3KArW8n
𝐕𝐢𝐬𝐢𝐭 𝐨𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 – https://bit.ly/3MI238
