5 Easy Tips that you should check before going for a Home Loan

We understand that one of the biggest challenge for an average citizen is getting the funds in place. Home Loan becomes an integral part of this process, these tips helps will make the entire process more refined and methodological.

1. Start saving for the down payment:

The down payment that you have to pay depends from the bank/lender and the kind of loan that you choose, thus on these factors your down payment amount may vary from 2.25% to 20% of the complete purchase price of the property. Once you have finalized the project start saving for the down payment, one of the most convenient method is to open a saving account where you can easy put some money every month.

In case the down payment amount is quite high, another option is FHA Loan. These loans are unique as they are backed by the government and are available as either a fixed or adjustable rate mortgage.  

2. Paper Work required:

For your bank/lender to approve and process the loan amount they would require a number of financial documents. It is going to be convenient, easy and hassle free for you if you already have this paper work in place, this would also help in fast processing of the loan. Documents may differ from lender to lender and also on the kind of loan.

3. Be smart use Smart Home Loan Calculator:

Smart Home Loan Calculator is a great tool for helping one understands the entire financial section of the project. This is one stop shop where you can see the complete structure, that gives you complete information about the loan amount that you would be eligible for and also the rate of interest.

4. An Eye on Interest Rates:

Rate of Interest always plays a key role in analysing the total amount that you would be paying off to the bank for the number of years that you have decided on. Now as we know that how significant is Rate of Interest in Home Loan segment as well but they also do change on a daily bases. So it’s advisable to either check them on a daily bases or subscribe for notifications and one should also compare offers to have a better understanding.

5. Credit Scores:

So why would a bank invest in you and on what bases, while they are the lenders/bank they are there to earn and your credit rating/scores is the way of analysing whether or not you are a safe investment.

10 Things to check before the Monsoon hit your home!

Monsoon season brings pleasant weather but it can also bring a series of problem if your home is not ready to handle the hardness of weather.

Here is a 10 point checklist to make sure that you would not have to worry about the problems when the rain hits your home

1. Have you checked for leaks in roofs & walls?
   Check your roof and terrace floors to see if there is any leakage and fix it before the rain. Replace loose or missing tiles to prevent roof leaks.
   
   
2. Have you installed ventilators?
   Install ventilators in humid areas of the house to avoid dampness which cause harm to the health of inhabitants and the contents of the house.
   
   
3. Have you checked the electrical fittings?
   Check if the electrical switches are exposed to the rains. Cover them immediately to stop penetration of the rainwater and fix water seepage in electrical room/generator room to avoid electric shock.
   
   
4. Have you checked if there are termites?
   Termite infestation is a major problem where water leakage or high humidity exists. As the rain water creates moisture, check all damp places to find out termite invasion in the house.
   
   
5. Do you clean your rugs & carpets regularly?
   Vacuum carpets regularly as they get damp and create musty smell during rainy season. The rugs should be rolled up and wrapped in polythene sheet during rainy season to protect them from water and insect infestation. 
   
   
6. How do you protect your wooden cupboards?
   Place Neem leaves in cupboards since it protects clothes and furniture from silver fish and sprinkles a few cloves among clothes to keep insects at bay. 
   
   
7. Have you checked if your wooden floors are wet?
   Rainwater spoils the shape and quality of wood articles in the house. Check all wooden items and wood floors if they are properly waxed (polished) to protect them from moisture.
   
   
8. Have you cleaned the rain gutters?
   Ensure rain gutter are clean to protect foundations, basements and roof from water damage before the beginning of rainy season.
   
   
9. How often do you clean your house?
   Regular house cleaning can protect your home moisture content in the air. Air conditioners and dehumidifiers are good options to reduce humidity levels inside your home. 
   
   
10. Are you renovating your house now?
    It is better to do renovation work like painting walls. Waterproofing etc. before or after the monsoon. If you find any problem during rainy season, get professional help to fix it.

Lodha Codename Big Bang Pre Launch By Lodha Group in Mumbai

Lodha Group presents to you a brand new project by the name “Lodha Codename Big Bang”, by one of the biggest Real Estate developer of the country. This new creation is located at a very significant location in the Lodha City Centre of Palava sector 4, Phase 2 of Palava in Majiwada Thane Mumbai. This area has witnessed significant growth in previous years. The project is well connected to all major destinations in Mumbai. 

Lodha Codename Big Bang is very calm and serene with more of antique architectural designs in the complex. Well organized lanes and lights in the society. The complex is fully secured by the 24 X 7 organised securities. Thus It is completely safe and with all amenities, you shall tempt to live in your house in holidays also. The project is developed in 87 acres project area with G27 Floor Building structure. This new launch designed and crafted keeping in mind the international standards providing our customers with 1 BHK and 2 BHK Homes with Optima and Ultima model units in different sizes and that too in a gated community of the first largest smart city of India, Lodha Palava City.

Lodha Big Bang in thane is the extravagant project from Lodha Group of company. The project is strategically located on the Kolshet Road and Akbar Camp Road. The location of Kolshet is roaring competing Ghodbunder road of Thane. The project connects Pokhran Road at one end and Hiranandani Estate at the other. The Kolshet road connects Western Express Highway to the Eastern Express Highway and acts as the bypass road. 

The project has great commutation through TMT buses and auto rickshaw frequently connecting to railway station and Borivali. The project takes care of amenities for children, senior citizens and youth with their health care. The Lodha group has given a thought before purchasing the plot, to make all customers get good returns and a resale value for their investment. You can invest in this project to get your income started.

Gaur City 7th Avenue Noida Hi-tech Infrastructure

We all look for a property where modern amenities will walk hand in hand with peaceful ambience, and green splendour. A home is a place where one would love to return from a hard days’ work.

With Gaur city 7th avenue such wishes are expected to turn true. A sprawling area surrounded by lush green garden; world class amenities and facilities make this one of the most popular residences of the area.

Gaur 7th avenue Noida is synonymous with lavish lifestyle. The project has redefined the standard of quality. The builder involved is known for offering impeccable projects before deadlines. It is important that you confirm the track record of the builder before finalizing a deal.

It is imperative to deal with one of the most reputed and leading developers. The builder you decide must have developed many real estate projects residential and commercial. On time delivery and customer satisfaction are the main reasons which make this group most satisfying among the buyers and investors. Gaursons is one of the most reputed names in NCR. Confirm if the builder is recognized for offering quality items and delivering projects on time. A quick online survey will give you a list of reputed builders, upcoming and current projects.

7 Avenue Gaur City is one of the parts of Gaur City 1 in Greater Noida. This project is being developed on one of the most demanding and well connected location of Noida Extension. Affordable pricing and availability of world class facilities in the realty projects are the main quality of this group.

If you are looking to enjoy quality life, high-class amenities, good location; you may consider Gaur new launch. A project offering 2 BHK, 3 BHK and 4 BHK residential apartments; green and pollution free surrounding, luxury amenities is always a dream home.

Book your dream home, spacious and skilfully designed at reasonable prices. Enjoy swimming pool, tennis court, greenery, gymnasium, club, CCTV monitoring, cafeteria! Confirm if Housing Loan facility is available from the leading financial institutions. Discover the best projects in the hottest localities in Noida. Find by price and locality.