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Becoming an expert in home buying is not like taking a walk in the park, rather it requires lots of effort and comparison to choose the proper Project and scheme suitable for your budget. Here we will take you to the keys steps and procedures that will be required while owning a house you always dreamed about. Market inspection: Contacting various property brokers and real-estate builders to gather the list of projects that are available in the market, along with the list of banks and housing finance agencies backing the project, is the initial stage of any research carried out by the Home Buyer in the market. Builders: it's really important to observe the builder profile and his general history before taking any decision. Hover over the internet and gather the information regarding the builder's old ventures and The reviews of the customer regarding it. Checking the authenticity of the Project is the very important as many builders fall into various litigations of being a fraud or constructing the project on a non-authorized land. As such it is very essential to check the title deed of the land upon which the project Is being built. Make sure that the entire layout of the Project has been approved by the Development Authority. Housing Finance Company: After selecting the Right Project from a reputed builder, Comes the very next step of identifying the right Lender with suitable Home Loan Schemes. Start with exploring the products the housing finance companies in India has to offer, Like ART affordable Housing Finance provides following products under home loan https://www.arthfc.com/product-home+loans.html and these -https://www.arthfc.com/product-non+home+loans.html under non-home loan section. It is highly advisable to check the following factors towards the various housing Finance Companies in India before purchasing your home: 1. Fees and Charges: Always have a run-through over their fees and charges page so that you never fall for any false promises or overcharges from the Housing Finance Company. You can check one of such page Here - https://www.arthfc.com/product-fee+andd+charges.html 2. Home Loan Amount percentage: usually, the Home loan amounts in India lies between 80% to 85% of the Original property value. So while Choosing the housing finance company keep the track on the percentage of the loan that is being offered against your property. Financial Calculations: Buying a house is itself a huge financial stretch, and on an average, a person cuts his 25% to 40% of his household expenses after taking the Home Loans in India. If you are availing loan, then you should be ready to contribute 20% of property value. This amount should not be raised through loan or debt. Ideally, it is advisable to contribute at least 40% down payment from savings to reduce loan burden. Its highly recommended to use the Home Loan EMI Calculator to forecast the EMI you will be getting based on the loan amount and the interest rate provided by the Housing Finance Company. For an instance try our Home Loan EMI Calculator - https://www.arthfc.com/emi-calculator.html . The EMI would be larger during the initial months and gradually decrease with every installment. The percentage allocated towards payment of the principal amount depends on the interest rate provided by the Housing Finance Company. Despite the fact that your month to month EMI installment won't change, the proportion of principal amount and interest will change with time. If you take a large home, then taking an insurance cover as is always the best practice. Purchase a term plan of the same amount to ensure that nothing come in between you and your family Happiness. For more details on Insurance please visit https://www.arthfc.com/product-insurance.html .