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Tips For Buying Your First Home

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Excellent tips....i read out your interesting and informative post,great sharing...this is really useful thread that will be referenced long into the future....thanks for sharing this informative post.....
 
If you buying your first home you must know few important things. First to check your home is not in crime zone. Make sure home buying loan you afford or not. Know about your neighbor.
 
Prior to deciding that the property you viewed is best for you and your family, you should also consider dealing with a home lender to help you when it is time to place the proper offer on the house.
 
When buying home the most important things to consider are location and proper amount of finance. And when you are taking loan or mortgage for buying a house, make sure it offers the lowest interest rates.
 
Taking a help of real estate agent can also be a great idea when you are buying your first home as they are professionals in this field and can help you to get great deals as well as best home loans schemes.
 
davidcrixe said:
You have great information and in my opinion set your budget first because it is all about budget so you should first plan that how much budget you have and how much you can invest. Second is location, you should be careful before buying your home about location and check whether location is safe for you or not. And third option is real estate broker or agent because if you don't have time or knowledge about the real estate market than you don't need to take stress, real estate can make it easy for you.

This true the very first thing to consider is your budget. LOcation is also important to avoid any kind of natural disaster or possible criminals. LOL.
 
The Home Loan Process - In this third and concluding part, of the home buying series, Investment Yogi, clarifies all that you need to know about home loans from application till final disbursement.

1) Loan Application and Evaluation

The loan application is a very important document and its format varies according to the lender. It collects information about your personal and professional details, financial assets, liabilities and existing property details with the estimated cost.

2) Credit Appraisal and Sanction Letter

On the basis of your age, qualifications, income, employer and nature of business (if self employed), lenders ascertain your maximum loan eligibility. Remember that your home loan eligibility is nothing but your repayment capacity. It is hence vital to have a realistic view. Even if you are eligible for a large sum, borrow only as much as you are comfortable repaying monthly. Keep in mind, banks finance only up to 85% of the total cost of the home, so you would need to cater to the balance amount from your resources.


thanks
 
These are some Golden tips to Buy a First Home :

Make a perfect Budget as Per your Requirment of your House.
Do a proper Anylsis of Property Market in your Desire Area.
Buy a Property from Registered Agent or Recognised Builders.
 
When buying your new home, the first important thing to consider is your budget. Once you have finalized your home, make sure that you are taking help of professional movers to move things from one place to another.
 
Home is most important in every person's life. When we buy home than we must remember some things like home have in good location and in our budget, see all facility and feature as well as home is suits our family member after all we live with our family.
 
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