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How to Plan the Budget Before Purchasing your Dream Home

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How to Plan the Budget Before Purchasing your Dream Home

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  1. How to Plan the Budget Before Purchasing your Dream Home?

  2. How that is relevant to your How that is relevant to your Home Budgets? Home Budgets? No matter where you fall on the spectrum of affordability, it is important for you to chalk out the loan amount as well as your other expenses. Some of the factors you need to add to your checklist as home budgeting

  3. Down Payment Do not get excited when you get low amounts of EMIs. Remember, the more you pay as down payment and closing costs, the lesser is the life of your loan.

  4. CIBIL score CIBIL score is calculated in your availing of a loan, and/or credit card and your repayment habits. Focus on timely clearance of EMIs, no matter how big or small the amount is.

  5. Expenses apart from the Mortgage Getting your bank's approval is a crucial step in the process of buying a home for yourself. Property tax is another important expense that many buyers trend to overlook.

  6. Go for a property you can handle easily Determining your affordability is the size of the property. Consider its size and condition. A big house does not necessarily mean a smart purchase option.

  7. Wait for the Best Home Loan Rates The months between October and December are the best to buy property. Look out for the festive months as banks and lending institutions offer discounts and lower interest rates on home loans.

  8. Be patient when looking for a House Once you figure out the payment plan and your budget, be patient with your purchase. Buying a house might be the single largest purchase in your life, don't rush it. Picture yourself living there for the next four-five years at least.

  9. Consider Home Inspection A home inspection will reveal faults and problems in the property. You will have a checklist of things to be done before you move in. Budgeting before buying a house is crucial and should not be skipped. Prepare yourself for the big purchase of your dreams!

  10. Contact Us! sales@tvh.in 91769 27000 www.tvh.in

  11. Thank You!

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