4 Questions to ask Before Buying a Home


Bangalore: If super-low interest rates are tempting you to venture out into the market for a new home,you should be giving any potential purchase some careful scrutiny. Because if the market's good doesn't mean it's the right time for everyone to buy. The decision whether to buy a home is a very personal one; you need to carefully examine your own situation to determine whether it's right for you. So, what are the questions you need to answer in deciding whether you're ready to buy? Here are some of the big ones: Enough of money for down payment
4 Questions to ask Before Buying a Home
Normally, down payments range from 15 per cent to 20 per cent of the total value of the property. There is no set upper limit to the amount you can pay as down payment it all depends on how much cash you can manage to set aside. The more you are able to pay as down payment, the lesser is the amount of loan taken from a bank, resulting in easier monthly payments or shorter loan tenure. Try to put down a sizable amount of down payment. Before you settle for the house check if you have the sufficient money for down payment.