Factors You Need to Know as a First Time Home Buyer
                     Factors You Need to Know as a First Time Home 
Buyer
 
The Basics of Home Loan
• Are you planning to buy a home? Well, 
you need a perfect guide and quick 
assistance with some important tips. 
Buying a home is a huge investment 
and perhaps the most expensive one. It 
is a sense of financial security and also 
speaks a lot about your financial 
stability and health. If you are new to 
this, you would surely need some tips. A 
home loan is the best way to get a home 
with access to funding from financial 
institutions. For a home loan, you 
need a down payment, eligibility 
criteria, credit background, and income 
in the right order. 
What is a home loan? 
• A home loan is a secured form of loan 
that a homeowner takes from a 
financial institution to get home. This 
is an end-specific loan and needs a 
good eligibility status. It comes with a 
one-time disbursement and you need 
to do the repayment in easy 
installment monthly. The rate of 
interest, fund amount, and charges 
make this the most expensive and 
valuable loan in the entire loan 
portfolio. To get easy approval, you 
must take care of your eligibility, the 
right property, and the down 
payment. 
 Poor Credit Score
• Tips to get a new home
• Arrange down payment: Buying a home is not 
a late-night wish. It is a desire with all your 
senses active. When you start planning for 
your home, you need to start saving for the 
down payment. This down payment is 
important for your eligibility. Without the 
down payment, you will not be getting any 
home loan. This is the responsibility of a 
borrower to get it done. 
• Keep your credit background right: Credit 
background does not happen in one day or 
with one situation. You need to keep a good 
track of your credit background from an early 
age. A good credit report and a score are 
essential for a home loan. 
Failure in Meeting Eligibility Criteria
• Apply for a home loan: You need 
to check out several online and 
offline borrowing institutions. 
Choose the one with low rates and 
when you get the lowest cost loan. 
Compare and choose. 
• Keep your documents right and 
make sure you do not miss any. 
• Choose your property and apply 
for a loan. 
Clix Capital Services Private Limited
 Address: 4th Floor, Kailash Building, Kasturba Gandhi Marg, Connaught Place, New 
Delhi-110001
 Call us: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital 
Read More: www.clix.capital/clixblog/reasons-for-home-loan-application-rejection-what-you-can-learn-from-them