The immense joy and excitement, along with the weight of financial pressure, we understand your feelings as a first home buyer! We’re here to tell you, “don’t worry, we’ll make it easy for you.”

There are many basic steps towards buying a house.  Firstly, you will need a sound understanding of your finances. This requires being very familiar with your expenses and income. What is your after-tax income? What is the regular income from your assets? What is your monthly expenditure? How much can you afford to pay each month on a loan? Asking yourself such questions beforehand can help you prepare a more comprehensive loan plan.

After deciding the amount you can pay monthly on a loan, you should also determine how much you can borrow. Also, depending on your circumstances and preferences, you need to decide on the loan feature you would require. Different types of loans cater to different repayment structures; such as a loan with a variable or fixed rate, combination loan, honeymoon rates, home equity loan, all-in-one loan, shared equity loan etc. Determining the type of loan that best suits your needs will help you land on the best deals available in the market.

At Laxmi Home Loans, we help you to be more aware about your financial capabilities, to understand different types of loan processes, and in the application, interview, and the approval process of a home loan.