Making the decision to buy your first home can be daunting. Many of you who watch the video below will probably see something familiar. When we plan for the success of our lives, our homes are given lowest priority - our business, our cars, our children’s future are all prioritised over buying a home.
In this post we will explore why a home loan can make your dream of owning a home come true and getting a home worthy of your true worth.
When is it the right time to buy a home?
A house is just not just a place of residence; it can develop into an investment in the future. Therefore when investing in a home, it is important to decide what the purpose of purchase is. Ask yourself these two questions.
Do you want a home that your family can grow into?
Or
Do you want a house that can later to rented easily or sold for a profit?
Answering these questions will enable you to decide when to buy and what kind of property to look for.
Other important factors to consider:
The website shows how when we apply for home loans, we sell ourselves short, opting for loans that are below our true worth. Here the factors to be considered are:
So before you apply for any home loan, check your true worth and then, find the loan from Aditya Birla Finance Home Loans that fits your needs.
Disclaimer : This is a Sponsored Post.
In this post we will explore why a home loan can make your dream of owning a home come true and getting a home worthy of your true worth.
When is it the right time to buy a home?
A house is just not just a place of residence; it can develop into an investment in the future. Therefore when investing in a home, it is important to decide what the purpose of purchase is. Ask yourself these two questions.
Do you want a home that your family can grow into?
Or
Do you want a house that can later to rented easily or sold for a profit?
Answering these questions will enable you to decide when to buy and what kind of property to look for.
Other important factors to consider:
- The current rate of property tax and whether it is set to go up or down
- The state of the property - will you need to invest more of your cash to renovate or do up the place
- Your current income
- The home loans available to you
The website shows how when we apply for home loans, we sell ourselves short, opting for loans that are below our true worth. Here the factors to be considered are:
- The correct income information: It is essential that you consider income from various sources, not just your salary when computing your total income
- Your transaction history: If you have the habit of clearing your bills on time, then this will allow you to get a better deal on your loan
- Repayment track record: If you have taken a loan before whether it’s for a car or your education - the regularity that you were able to repay the loan will be a factor in your application for any new loan
- Collateral: If you own any other property and what it is valued at, will play an important determinant in any new loan you apply for. The more your property is valued at, the more eligible you will be for a higher loan
So before you apply for any home loan, check your true worth and then, find the loan from Aditya Birla Finance Home Loans that fits your needs.
Disclaimer : This is a Sponsored Post.
