Purchase your own home – Guide to your success story

Financial commitment – “I want my own home”, is something that needs a lot of think and re-think factor. The task can get a lot daunting, if you need to make a lot of arrangements – money, loan, documents and Agents. You need a timeline that is effective and workable. Follow our footprints to write your success story. Sobha International City can be an expensive dream hoe offer, but not impossible one.

The affordability factor

Before you get started, ensure you have looked around for your budget home. Hunting for genuine and affordable homes may be time consuming, depending on your likes and budget. You have to look at the bank account and salary, before deciding.

Cost ….

Purchasing home refers to down payments and interest payments on regular basis. You have to be calculative so you don’t miss paying any interest. It is also advisable to avoid outstretching to meet your requirements. You will have to cover, installments and mortgage fee amount as well from your salary.

Mortgage selection

Mortgage selection can be time consuming, so it is the right time for you to get started working on it now. You need to prepare a complete list of money lenders and then make the comparison amongst each. The moment you come across one who is bets fit to your requirements, then it is certain that you should sign up in contract with him.

You can also collect the list from estate agents including Sobha International City property agents and then decide. On meeting the lender try and enquire about the amount he is willing to offer you and the amount you will have to pay as interest rate.

Consult for your scores

Before you move ahead, always ask your agent if you are eligible to get a loan or not. You may have to share your credit score with your estate agent and money lender. Once approved, you will have to apply for the mortgage loan.

Your best offer

The moment you have made the selection of home loan, it is advisable to get more enquiry about the rate of interest and agents fee that you will have to pay.

Make arrangements for surveys

It is important that all your legal works needs to be taken care of by your solicitor. It is also certain that you may need a surveyor before applying. These are the factors that can also affect the overall cost for your home in case you want to sell.

Valuation

It is the lender who in general will organize for the survey on your premises. This will help in preparing the valuation for your property. This factor is important in case you want to mortgage to be approved by the lender.

Survey factor

It is certain that you have to organize for a dlf Magnolias Gurgaon property survey. This will avoid you facing any expensive problems in the long run. You may also have to pay for conducting the survey on your premises. If the seller is going to sell the house to you, then you can also request him to make some contribution.