Want Down Payment Options In Newtown? Here’s How You Can Get It

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Want Down Payment Options In Newtown? Here’s How You Can Get It

Looking for the best residential projects in Newtown is no big deal. But it is when you are searching for down payment options. Read this blog and discover more.

When we opt for buying homes, the property dealers in Newtown, ask us to pay a certain percentage as the down payment. This can be anything between 20 to 25%. This definite percentage of down payment often reduces the credit risk for banks. 

Top 3 Tricks For Down Payment Finances 

1. A Complete Scope Of Proportionate Release 

Is your choice an under-construction apartment? Then your property developer in Newtown will probably tell you this. Some banking and non-banking lender companies offer “Proportionate Release” in the down payment process. As a result, the home buyers plan to opt for a new property. 

Concerning the estimated time for the residential projects in Newtown, you can pay the amount in small percentages. It thereby keeps you safe from the agony of paying a significant amount at once. All you need to remember is that such an option is available when a prominent realtor does the construction. 

Additionally, make sure to never be a defaulter because the lending firm sometimes releases the home loan amount in slots. 

2. Smart Sourcing Of Funds 

Suppose, you select an apartment for 40 lakhs. Now, its 20-25% is somewhere between 8 to 10 lakhs. No common man has that amount readily available. But there are other tricks that the best real estate agents in Newtown might suggest to you while collecting this amount. These are:

1. Assessing your personal savings and assets. 
2. List your own assets that are viable for both mortgage and selling. 
3. Note if your insurance policy of yours is maturing soon or not. 
4. You can also withdraw money from your Employee provident fund. 

3. Calculate The Down Payment 

Lastly, do not forget to opt for a low Loan-to-Value ratio as a standard down payment option. Your real estate agents in New Town Kolkata may ask you to:

• Never go for the funds that you’ve kept for educational or healthcare purposes. 
• Never save money by not paying essential bills like property taxes or water. 
• Finally, make sure you do not have an ongoing EMI while buying the house. 

To Sum Up

Buy a house in a place you actually deserve. Contact Property 360 and invest in the most splendid upcoming residential projects in Newtown. Their team of professional real estate brokers in Newtown helps you extensively to get affordable properties in no time. Hence, approach them today. Call us for booking, +91 83358 04221