Planning to buy a new home in 2023? These facts will enable you to decide what’s best for your family and your wallet. Do have a look at them before you go flat hunting.
1. Understand your financial and personal objectives
Before moving quickly through the Buying procedure, set your financial and personal objectives.
a. What is your dream location?
I. Do you need to be within walking distance of a Metro or a Railway Station?
II. Do you want to be near a park?
III. Do you have kids that need a school nearby?
VKLAL HARI is a new 22-storey residential project in Borivali that is located right next to Sanjay Gandhi National Park and less than 10 minutes from Dahisar Railway Station. The new tower currently under construction has just completed its 8th slab and has a dedicated sales office to help buyers answer any questions they have about the home purchasing process. VKLAL HARI is also located near schools like Universal High School and St Xavier’s High School, as well as hospitals like Ashok Hospital and Pinnacle Hospital.
b. What is your budget?
I. Do you need more time to save up for a down payment?
II. What is the standard amount a bank requires a purchaser to put down? Is there any flexibility?
A standard amount a bank requires a purchaser to put down is usually between 10% and 20%. There are flexibilities to it which depend upon different Banks and NBFCs. A good sales team, like the one at VKLAL Hari and VKLAL Vishnu, can help you through the loan process.
2. Check your credit score
Your credit score will help you in deciding on your financing alternatives because lenders use it to calculate the cost of your loan and whether you can afford to pay back your mortgage. Your chances of getting a loan with the best terms and prices (like a lower interest rate) will increase with a higher credit history.
How do you check your credit score?
Step 1: Go to the official CIBIL website.
Step 2: Select ‘Get your CIBIL Score’
Step 3: Type in your name, email ID, and password. Attach an ID proof (passport number, PAN card, Aadhaar or Voter ID). Then enter your PIN code, date of birth, and also your phone number
Step 4: Click on ‘Accept and continue’
Step 5: You will receive an OTP on your mobile number. Type in the OTP and select ‘Continue’
Step 6: Select ‘Go to dashboard’ and check your credit score
Step 7: You will be redirected to the website, myscore.cibil.com
Step 8: Click on ‘Member Login’ and once you log in, you can see your CIBIL score.
3. Create a housing budget
Knowing what you can afford and how much your total spending will be for your new house will help you set a realistic budget.
Here is a EMI Calculator for your help
– https://www.hdfc.com/home-loan-emi-calculator
Compare the costs of homes from the best developers in Mumbai to narrow down your options for residences in accordance with your budget. Check out our affordable project at Borivali East and Dahisar.
One of the best ways to learn about a potential home is to actually visit the property. Whether it is a finished flat or an under construction flat, visiting the location can help you understand if the flat can be the home of your dreams.
A Visit will give you a general idea of its Look and Feel. Visit the property so that you can inspect it and get answers to your questions.
If you are looking out to purchase a home in Borivali or Dahisar then, book your walkthrough now by calling our sales representative 8657443652.