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This is an important factor and something you will have to deal with in the initial phase of buying itself. No matter how small 2 BHK flats in Airoli are, the bank or the lending institution is not going to give you more than 80-90% of the cost of the
The New Year ushered in a lot of new things including cheaper home loans. Today, buying a home has
become more affordable than before. The dilemma however continues to hound people - whether to
buy or rent a house. This is an important consideration especially if you are thinking of investing in a
property in Airoli. Buying a house is a smart decision, though there are a few things that you must take
into consideration before going ahead with your purchase. Let's look at the many factors that influence
Do you have extra cash for down payment?
This is an important factor and something you will have to deal with in the initial phase of buying itself.
No matter how small 2 BHK flats in Airoli are, the bank or the lending institution is not going to give you
more than 80-90% of the cost of the property. So the balance 10 or 20% percent for down payment has
to come from your own pocket. You need to do a bit of math to decide if you can actually bear this cost.
You will have to choose 2 BHK apartments in Airoli keeping this factor in mind. May be you don't have
many responsibilities and you can easily afford the EMIs but all this is possible only after you pay the
initial amount for down payment.
Debt-to-income ratio - This is yet another important factor to consider while deciding to buy 2 BHK flats
in Airoli Navi Mumbai. When you apply for a home loan, your bank will look into the number of existing
loans to calculate the debt-to-income ratio to decide if you are eligible for the loan. This ratio helps
them decide whether you would be able to make your loan payments on time.
Your job - Your job can also be a big deciding factor for investing in 2 BHK flats in Airoli. If you have
moved to a city only for a few years, there's no point in buying 2 BHK apartments in Airoli unless of
course you are willing to give the house on rent. You should be aware that managing lease and related
things from another city will require a bit of efforts and time from your end and you should be willing to
do the needful to keep it occupied at all times. When you buy a house, you lose the freedom to move to
a different location if required. If you move to a new office, you may have to travel to a distant location
every day simply because you are not willing to give your house on rent and move into a rented house
yourself in the same city.
2 BHK flats in Airoli Navi Mumbai can be a great investment given the excellent development and
infrastructure in that area. Just be a little realistic about your finances before you decide to buy a house