It feels like I have lived in a rented house for all my life. And I have had some really good times, especially during my college days. But I felt it was time to invest in my own home now. I wanted to live in my own space and I had been working towards this goal for quite some years now. I had been saving money for the down payment as that would be the biggest challenge for me. I have a good credit history and a stable, reliable job so I would have no problem in securing the home loan from any bank. Also, I have no other loans to worry about. The one real worry was the down payment for my new home!
I have been looking at housing properties in and around Mumbai since thatâ€™s the city of my choice. I couldnâ€™t dream of living anywhere else. The property rates are on a higher scale here. Hence, I decided to move to the Thane suburbs since it is one of the best and upcoming areas in Mumbai with lots of property options. I was exploring the Rumah Bali property by Puraniks Builders when I came to know about their Fintech partners, the HomeCapital guys. This was a real blessing in disguise for a novice home buyer like me.
So, the HomeCapital has recently launched a home down payment assistance program for first time home buyers such as yours truly to help them purchase their dream home without too much hassle. According to this program, their financial partners help you by financing around 50% of the initial down payment amount in the form of an interest-free home loan on the home offerings listed on their website. This loan can be repaid easily over a period of 36 months. HomeCapital has tie-ups with many of the best real estate developers in the city and is growing their base as we speak so as to enable millions of people to buy their dream homes. The down payment assistance is in the form of interest-free credit equal to your contribution towards down payment. The assistance is repayable in equal monthly amounts without any form of fees or interest.
Thus, as I said earlier, it was a blessing in disguise for a novice buyer like me. I have decided to purchase a 2 BHK apartment in Puraniks City Reserva instead of the 1 BHK apartment that I was previously planning all thanks to HomeCapital which made this entire home buying process easier and less stressful for me! I wish the same for you.
|About Author Pooja Agrawal :|
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Article Added on Saturday, May 11, 2019