Signs that Show you are all Set to Buy a Home

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Are you exhausted by moving to a new place every few years and planning to buy your own house? Then now is the time to make the move. With plenty of options available in the residential real estate market like flats in Mohali, it is easy to get the house of your dream now more than ever. If you are still not sure then let’s take a look at a few of the signs that shows that you are all set to buy a house:



You have enough savings-
One of the first signs that you are ready to take a plunge in the residential market is that you have ample savings and financially secured. Financial stability is important and so is the buffer savings for buying a new home. That means after taking out the required expenses you are left with just the right amount of funds for investing in a property.

You have a stable income-
Your financial stability is based on the stability of your monthly income. A secured job gives you the advantage to get the home loan and the ability to pay the EMIs without any difficulty. Moreover, if there is more than one earning member in the family, it would add extra security and steadiness to your loan payment capacity.

You have funds for a down payment-
Down payment generally comprises of 15-20 percent of the total cost of the property. Besides your regular savings, you should have the required funds for making the down payment. Higher the down payment lesser are the monthly installments of home loan.

You are settled with the location-
If you are settled in a particular location that includes your job, family, and relatives without any plans of moving in the near future then you are all set to buy a house. If you are done with constant moving, found the desirable location, and comfortable with where you are in life, then now is the time to go for a house hunt.

You have a good credit score-
If you are free from any past debts and have been paying your credit card bills on time that means you have a good credit history. A good credit score increases your chances to get home loan approval without any hindrance. It is a sign of a healthy financial status and thus shows that you are ready to take up the commitment to take a home loan.

Being a house owner is a matter of commitment and accountability. Besides any other factor, there is no better sign than how you feel about buying your first home.

Are you exhausted by moving to a new place every few years and planning to buy your own house? Then now is the time to make the move. With plenty of options available in the residential real estate market like flats in Mohali, it is easy to get the house of your dream now more than ever. If you are still not sure then let’s take a look at a few of the signs that shows that you are all set to buy a house: 


Location: Sahibzada Ajit Singh Nagar, Punjab, India

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