Planning to Buy an Apartment Soon? Here Are Smart Tips to Getting Your Home Loan Approved
Planning to Buy an Apartment Soon? Here Are Smart Tips to Getting Your Home Loan Approved
Everyone has a dream of owning their dream haven. However, it is a fact that home purchasing isn’t all that effortless and sometimes appears difficult. This takes fairly some savings and is uptight with stress and a lot of complex decision-making. But there are a lot of financing options available on the market that largely takes the brakes off buying a home: a home loan. It isn’t tough to find a loan for your next real estate investment. Though, finding the best possible loan for your investment needs a bit more work. So here are some steps you need to follow to ensure your home loan can be processed without glitches:
Recognize Your Eligibility & Relate Your Possibilities
There avail lots of home loans that are not created equal. They can have varying fees, interest rates, points, and other things that can stand up how much it will result in costing you. So, for easily getting approval for your home loan, you have to figure out your eligibility, which largely centres on the capability of settlement and age before you approach the bank.
Work on Your Credit Score
If you’re applying for a conventional mortgage for your home, you can be sure that your credit score will come into play. The clean financial record with your credit card, debit and other loans paid off will not only affect your eligibility criteria but also help you get the best deal if you are searching for a 2 or 3BHK apartment or flats. Multiple home loan applications or many credit enquiries may lead to a hard pull on your credit score, so it is required to slow any kind of borrowing in advance.
Only Deal with A Reputed & Trusted Builder
Loan approvals can be smoothly done if you have a licensed & reputed builder on board. It not only ensures a safe investment in your future and present happiness but also increases the chances of getting a fairly good loan amount. That is, the bank tends to generate a confident level of trust when it comes to a genuine and trusted builder and even their buyers, it helps that they are branded for constructing safe & happy homes. Also, your builder’s past and present projects and their successful running business in this competitive reality market aid in getting your loan through.
Stay at Your Job
Staying stable at your job will give a high chance of getting approved. Having a steadily monthly income is important to get approved for a mortgage. So do avoid changing your job. Your bank needs to know if you have a high possibility of steady employment and income during this loan period to permit you to make your loan refunds on time.
Ascertain You Have A Clean Title Deed & Complete Documentation of The Apartment
Even though this is not associated with your distinct credit state, banks need to guarantee that there is not any problem with your investment in case you default on your loan. Hence, the bank will first check that all the legal documents of your apartment are in order.
After you have cleared all the necessary documents and requirements, your loan approval process can be successfully closed. If you’re in search of apartments in Kerala, consider Varma Homes projects, the leading and the most promising builders in Kerala. We offer happy & safe apartments with wonderful amenities in highly-sought after residential areas in Kochi, Tripunithura, Thrissur and Trivandrum. We know that your home is probably the most significant purchase you will ever make. Hence, we construct it with as much care to aid you to live a good life for years to come. So, take your dream apartment from the house of Varma Homes.
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This Onam, Own a Luxury Apartment in Thrippunithura
Onam is one of the biggest festivals of Kerala with 10 days of celebrations and fun. Onam is the season which shows Kerala at its cultural best where we get to see rich harvest, happiness, prosperity, family gathering with sadya, onam pattukal, traditional thiruvthira dances and so many outdoor activities. Double your happiness this Onam season by owning a luxury apartment in your dream city and start a new beginning in life. Buy a new flat in Thrippunithura to experience the family get togetherness and feel rejuvenated to smell the goodness of life. Many builders launch their new residential projects in Kochi with many offers that you can’t deny to for the first few bees. One benefit that you can look ahead to while buying an under construction flat is the discount offered during the launching time. In most cases, builders offer per square foot rate of a house at the stage of launch of the residential project with a lucrative concession lower than that what you have to pay when you buy the flat / apartment which is ready for possession. When buying a flat under construction, total cost may go down compared with a ready to move in. While buying an under construction flat, the only thing you have to take in account is choosing a trusted builder. Go for the reputed builders to minimize the risk. And the Varma Builders ensure the timely completion of residential projects. For this Onam buy a luxury apartment in Trippunithura from the renowned builders in Kochi to acquire a traditional feeling in the land of royalty which has a huge corpus of custom, culture, art, economics and space for fulfilled and spiritual activities especially during the festival time. Spirituality at the door step Owning a dwelling at a place that emanate divine legacy especially in a city like Thrippunithura is indeed a long cherished dream any devotee has. Located just a 300 metres from the famous Sree Poornathrayeesa Temple, Varma Kottaram offers a spiritual harmony as well. Livings near the temple also add cultural value. Experience the real regal life knowing the traditional culture by owning a luxury apartment at Varma Kottaram. Comfort & Connectivity Varma Kottaram is a G+4 luxury apartment project exactly located at Thrippunithura between Kalikkotta Palace and Sree Poornathrayeesa Temple. Varma Kottaram is 24 units with 2 & 3BHK apartments in 25.6 cents. Kottaram has all the modern amenities like Fitness Center in First Floor, solar energy utilisation in selected areas, fully automatic lifts, intercom facility, Fire Fighting System, children’s play area, roof top party area, terrace garden, recreation space, fitness centre, care taker room, Provision for 24 hrs. Power & Water Supply Facility, Sewage Treatment Plant, Water Filter, Surveillance Camera, Rubber Fender for Corners in the Car Parking Area and many more. Best Builders whom you can trust Varma Homes assures the timely completion & delivery of flawless and qualitative projects to the valuable customers. Come and book flat at Varma Kottaram during this Onam and enjoy a lifetime long merriment.
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Why People Now Focused On High-End Apartment Amenities?
Urbanisation has ensured individuals from small villages and towns to find an abode in big cities. A good number of people in both upper and middle class from smaller towns are used to living in homes that have a lawn, a balcony, a compound filled with greenery etc. They want a similar touch to their homes when they migrate to cities for pursuing their careers. They also preferred to have their apartments or flats with high-end amenities to get the style and comfort of their modern life. Hence the demand for residential real estate in India has been progressing rapidly. The development caused a rise in the use of available lands for home building. So there is a huge demand for residential complexes but the space shortage is a constraint. Hence builders are now focusing on the best utilization of space and generating homes that packed with various amenities within the premises. For most buyers, location is the most significant amenity of any property. Beyond location, variables like the number of bedrooms or bathrooms, construction style, and floor space can determine whether a buyer looks further into a property. Amenities play an important role in the real estate market offering the quality of living, enjoyment and pleasure of the tenants. It also plays a crucial role in choosing a property. Hectic work schedules of people and the escalating stress levels, congested traffic conditions and increasing pollution levels, all these make for very stress-filled life. So house owners look forward to staying in an environment that calms their minds and reduces the stress levels. That is the properties with open spaces and essential amenities to get the ideal housing solutions. Yes, of course, city life can be a lonely life, with many relatives and friends living far off and traveling is a big problem. Hence amenities like multipurpose halls and parks make for excellent spaces to meet new people and socialize within the community. Amenities also solve the difficulty of engaging in diverse demographics. While children can use the play areas, seniors can take a walk in the park to breathe some fresh air. Youths and professionals have gymnasiums and swimming pools to put good use to their time. Therefore, there is something for everyone in a property that has amenities and open spaces.In short, we can say that amenities are the secret ingredient that makes people fall in love with their home. So most of the people are in search for better apartments or flats with all amenities to give them the essence of a happy, balanced lifestyle in their busy schedule. Varma Homes- The Best Homebuilders with the Best in Amenities Everyone must get opportunities for cultural, sport, community, leisure, and other activities. So that we are offering our clients just the right chance to enjoying their life amid a busy life through our exceptional amenities. Besides, amenities, we know that people need open spaces to catch up and do things that they like. Being the top builders in Kerala, Varma Homes is the first choice for housing projects. So if you looking for a super luxury apartment with exceptional amenities in the heart of Trivandrum, the state capital, then there awaits you Dr. Pai’s Heritage. It is a unique super luxury apartment project comprising of 2 and 3 BHK luxury apartments with all advantages of autonomous home. Get to know the High-End Apartment Amenities @ Dr. Pai’s Heritage Rooftop Swimming Pool Fully Automatic Lifts Clubhouse & Health Club Water Filter Solar Energy Utilization in Selected Areas Children's Play Area Roof Top Party Area Surveillance Camera Terrace Garden & Rose Garden Fire Fighting System Recreation space Provision for 24 hrs Power & Water Supply Facility Intercom Facility and Video Door Phone Sewage Treatment Plant Open Auditorium & Home Theatre Caretaker Room & Driver’s Room With its sheer magnificence and the high-end amenities, Varma’s Dr. Pai’s Heritage is grabbing the attention of many residents. Find the right luxurious apartments from Varma Dr. Pai's Heritage as we strive to make sure that you and your family experience a comfy and excellent lifestyle. Step in to the world of luxury and worth investment.
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NRI Investments in the most expensive real estate markets
Owing apartments in Kochi is the biggest dream of NRIs and the middle class people. Kochi is basically said to be an investors’ market and these investments of both the NRIs and the middle class people have fuelled up the growth in the city. Kochi has seen a massive growth in its IT sector and Infrastructural development through NRI investments. Kochi is one among the most expensive real estate markets in India. Significantly, the populaces with an annual income of 13 lakhs and above only can consider buying residential projects in Kochi. Furthermore, the average price of the new apartment projects in Cochin and the rental value is noticeably getting high in the commercial capital of Kerala. The city of Kochi is already in the process of progressing from the small town into a metro city. The major places like Tripunithura, Vyttila, Fort Kochi, Kakkanad and Edappally are becoming part of the prime residential locations in Kochi. Many number of new apartments in Kochi are found available for sale and rent in these places. Nowadays, the home buyers who are most interested in investing in flats in Kochi are the salaried classes - the NRIs and the middle class people. And both these classes are specific about the facilities and the amenities offered by the flat builders in Kochi. They are also price conscious and are not willing to spend their hard earned money on investing in the independent homes especially because of the unreasonable hike in the prices of such properties in Kochi. In order to help the home buyers in buying their dream homes, the Government of India is planning to drop the GST rate for property purchases under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. As NRIs are not dependent on home loans for buying new luxury flats in Kochi, the middle class people are the most beneficial with the Pradhan Mantri Awas Yojana (PMAY) Scheme in India. Under the scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. Thus, the home loan borrower is privileged to lower the EMIs and this lessens the principal amount of loan payable. The younger generations are also into investing in new luxury apartments in Kochi mainly because of the increase in number of IT companies, rapid progress of the transportation sector and improved communication in the metro city. With the advancement of metro rail, youngsters also prefer to buy new flats in Kochi which are even farther from their work places.
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Why Do People Look Forward To Shifting Into Larger Homes?
Owning a dream home or apartment is everyone’s wish list. The size of the home is one of the crucial factors for your home-buying decisions. In early times people first purchase a small flat and then move into a bigger home once they have a bigger family. Buying a spacious house isn’t going to get any inexpensive in the next 10 to 15 years, needless to say, the inflated interest rates when it comes to taking a loan. Therefore, now purchasing a larger apartment such as a 2 or 3BHK is a sensible choice as compared to waiting to buy it later. Before buying, you need to consider the future appreciation of property rates, amenity factors and other lifestyle. So let’s have a look at the benefits of shifting into a larger apartment. Various generations under one roof By living in a bigger apartment, all generations can easily thrive under one roof. They can perfectly fit in your apartment, even when you have kids. And, surely, your kids will love the idea of spending more time with their grandparents which will help them to know the value of the relationship. On the other hand, if you have nuclear families, most of the home builders know the value of privacy. So they design separate rooms for parents and children. Also, with the increasing income of professionals, most of the people like to have a full-time maid or home nurse to give care for their kids and grandparents. Hence separate rooms for each one is essential. So by living in a bigger apartment, you can easily solve this room scarcity problem that you faced in your smaller flats. Make comfortable office space When you had a great business plan and dream to start with it, you can keep a specific space for your dreams in your bigger apartment. Or if you have to benefit the modern working choices like work-from-home, the extra room in your bigger apartment can be converted into the comfortable office space, letting you the choice to keep your work and home life separate though being in the same space. Beautiful Interiors The careful designs and architecture of the 2BHK or 3BHK flats are beautiful, ground-breaking and contemporary, offering a modern family the best in terms of a posh and luxurious lifestyle. By owning luxury spaces, you can have spacious floor plans, wood floors, granite countertops and many more which is not possible in a smaller flat. A 2BHK or 3 BHK apartment goes a step beyond and promises a classy and chic living experience. Avail hangout rooms for all age group When you decide to shift from compact to luxurious living, there you have another advantage that availability of enough rooms for everyone. Because everyone needs a place to be comfortable and relax. Especially if there are any older people, there is a room that they can relax and indulge in their own favourite activities with full privacy. In the same manner, the younger and the middle generation get their own spaces to chill with their friends or to boost up their own inner self. So when you have bigger apartments you don’t need to worry about the hangout rooms for you & your family members, as there are rooms for every kind of age group. Better security systems Living in a luxurious 2BHK or 3BHK apartment promises you increased safety and also prevents intruders from entering your home. You can just relax without any safety fears for a good night’s sleep. This is more useful and vital when there are kids and elders at home. So in this era of frequent robberies, with better security systems you can be sure that you are safe at your home. Good investment with less money To invest for a longer run, undoubtedly investing in 2 or 3BHK apartments is beneficial. You can buy luxurious housing spaces at a price comparatively much lower plus more benefits instead of buying compact apartments. As the demands are quite high, the resale value of apartments is always greater than invested. The percentage of profit depends upon the location and demand of the region, but getting a profit is for sure. Be it for end-user or rental, investing in a property in metropolitan cities at present proves to be a smart decision. So the final concluding part would be that why not opt for bigger apartments which are armed with all modern amenities and facilities creating life a smart and finest experience for you and your family and bringing together the exact mix of comforts and convenience of the city. Looking to buy apartments in Kochi? It is about time that you check out the residential apartments at Varma Homes as we are the top builders in Kerala. Each of our residential projects in Kochi come with an extensive series of high-end apartments. Take a look into our most prestigious projects like Varma Maalika I, Maalika II, Padipura, Kottara and Bougain Heights Purple at Tripunithura. A combination of the high-end amenities, backed up by great connectivity and an efficient transport system including the advantage of metro services, is what attracts a person to invest in property at Tripunithura. From the numerous choices, you can choose your perfect one that focuses on your housing needs and demands.
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Own your dream homes in Kochi- The rising metro!
Your dream to own a home in Kochi can soon be a reality! Do you feel surprised? Well all our dream spaces that are beautifully created have always made surprises to our global clients giving them much more than they expected. That’s Varma Homes, the best builders in Kochi. Kochi is the fastest growing metro of the country and owning a living space in Kochi is a matter of pride. On the other hand it’s going to be extremely difficult in future as the city is getting populous day by day. An increasing demand for dwelling spaces is slowly picking up in Kochi. Get the best apartments in Kochi, plan this at one of the best residential location. Our projects in Kochi are focused in a way that it goes with the way the city is developing. We always choose the best residential destinations and all the place where we have prestigious projects are best suited for peaceful homes. In this busy Kochi, we are presently having almost five luxury and compact apartments all in well-connected locations like Tripunithura, Edappally. If you have noticed we have the maximum projects in an around Tripunithura, Four beautiful projects are awaiting you in this Royal Town of Kochi. A lot need to be thought before we align continuous projects in the same place and with Varma Homes we do not have such confusions. Every project that we work bring goodwill to us as there is no compromise in quality. We are extremely transparent and we can ideally say that it’s you who decide how your apartments need to be. Well do you feel it funny? All our apartments, except from the basic structure is planned and worked according to specifications of our beloved clients. This done like that because it’s basically you who is living there. Varma Homes, the most trusted builder in Kerala, the builder with a Royal lineage is proud to have these classic luxury apartments in Tripunithura. We present you Varma's Maalika, Kottaram, Padippura and the second phase of Maalika is already in the stage of construction. All these projects are dream projects beautifully curated from the master craftsmen of Varma. Our architects and well experienced staff is all committed to make Varma a true value for your invested money. All our projects come under the PMAY (Pradhan Mantri Awas Yojana) scheme were you get discounts in price and we provide you the benefit of GST as well. So to know more about Varma's dream projects, contact us soon and avail the early bird surprises that awaits you! Apartments in Kochi | Apartments in Thrissur | Apartments in Trivandrum
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