If you live in western line find a place away from borivali. Buying a house is an investment which will only lead to positive appreciation additional reading.
Doing this can reduce your loan burden and save money as the interest rate on home loan is comparatively much cheaper than that of a personal loan.
How to save money to buy a house in mumbai. Of course away from mumbai. After 6 months of availing home loan if the purchased property s value allows you can pay off your outstanding personal loan amount by availing a top up on your home loan. 09 aug 2018 09 10 am ist livemint.
Biggest player in saving money is rent. How much a house costs in mumbai 1 min read. You will definitely get cheaper house rents there.
So where do you get cheap houses to rent. 3 golden investment tips to help you buy a house. However it is advised to refer your loan agreement carefully before availing personal loan as the lender may charge you prepayment fee during the foreclosure of your loan.
If one is thinking to go for a bank loan then the bank will take care of all the paperwork. Remember the bigger the down payment the smaller is your emi and the lesser is the stress on your monthly budget. Consolidate your finances if you have decided to buy consolidate your finances and figure out how much money you can raise for the down payment of the house.
If you own house it s the best but obviously you don t or you wouldn t have questioned this. It will affirm that the property that the one is planning to buy is not having any controversy as the bank does not want to support a property which is. The variety of opinions documented above show how tricky buying a house in mumbai can be and why it should involve careful and realistic financial planning.
Buying a property in mumbai will require some most of these documents subjecting on case to case. With increasing urban population buying a house in a large city has become difficult the main obstacle.