How not to finance down payment for buying home

How not to finance down payment for buying home

Buying a home is a big decision. And, as with all big decisions, you need to be well prepared before you implement it.  For starters, before you decide on buying a home, make sure you have accumulated enough money to make the down payment. Hasty measures can put your financial security at risk.   Don’t dip into retirement savings Rummaging through one’s retirement savings may seem the easiest option. But it is not the most desirable one, say experts. “Once you start chipping away at your retirement fund, there’s no…

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10 Reasons why your home loan didn’t get through

10 Reasons why your home loan didn’t get through

Buying a home is more than just than choosing the right property as this involves in getting into the biggest financial commitment in your life. It is imperative that the fund for the purchase of your dream home is arranged with the least impact on your future financial commitments.       To have your home loan approved, keep a track of the listed points: A good CIBIL/credit score A stable job/business Complete documentation An approved property  No Dues Certificate from previous lenders Home loans usually extend to twenty years…

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FIVE REASONS WHY HOME INSURANCE IS A MUST

FIVE REASONS WHY HOME INSURANCE IS A MUST

Home Insurance policy is one which offers protection for the structure and contents of a home. Buying a home insurance is not much of a priority for many, while some others are not even aware of its existence. This article aims to elucidate on why taking a home insurance cover is important by offering five reasons as a case in point. # 1 Cover against natural calamities: Regardless of where one lives, natural calamities have become a part and parcel of life due to climate change. Urbanization has made earthquakes…

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Real estate investment yields high returns and comes with tax benefits..

Real estate investment yields high returns and comes with tax benefits..

Property has always been an investment option that beats the inflation effect. It has yielded lucrative returns and continues to do so. Increasingly real estate is becoming a part of an investment portfolio. Anil Rego, an investment consultant, has some advice for those planning to invest in property   What are the basics you need to factor in while making a financial plan to invest in property?A financial plan is a structured process of understanding your financial goals, and evaluating your risk profile, current assets and liabilities in detail. It provides a…

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