Navigating the Challenge of Down Payment Exploring Options for First-Time Buyers

How to Navigate Through the Challenges of Down payment?

Following are some of the ways you can overcome the complexities associated with the down payment of purchasing a new apartment in Bangalore:

• Know Your Down Payment Options

  The primary task for a first-time homebuyer is to check what options they have for paying the down payment. For instance, several employers assist their employees in arranging down payments for their homes. Moreover, there are options to use savings or borrow funds to arrange down payment amounts.

• Save Adequately for Down Payment

  To pay the down payment on your house using your savings, you need to keep aside a handful of money. For this, you can make some lifestyle changes in your monthly budget, increase your monthly income by diversifying sources or even deposit your money in a high-yielding savings account or other investment options.

• Apply for a Housing Loan If Needed

  Many people prefer to go for a smaller down payment and borrow a substantial amount from a reputed lender to pay for their home. They should note that the amount available as a credit depends upon a plethora of factors such as credit scores. Income, location of property, and more.

• Compare Among the Lenders Present

  There are numerous housing loan lenders available in the market offering you the required amount at competitive rates. So, before finalising a lender, make sure that you compare with other lenders to choose the most affordable one. Also, check the market reputation of lenders to stay away from fraud.

• Consider the Risks and Drawbacks

  If you pay a lower down payment, you will have to borrow a substantial amount from the lender. Though this saves you from dipping into your savings, simultaneously it increases the overall cost of the loan. Additionally, there are several other risks and drawbacks alongside its benefits that you must carefully evaluate before proceeding.
  
  To make the most out of your investment in residential properties, make sure to purchase a flat in a prime location in Bangalore. Investing in upcoming projects in Bangalore, that too in a prime location, ensures you get instant approval for a home loan. Moreover, you will be able to find tenants or buyers for your property and generate high returns on investment.
  
  One such location is the Electronic City, where there are numerous tech hubs in close proximity, public transport, easy-to-access airports, and more. Also, there are restaurants, hospitals, shopping centres etc. This area houses several flats for sale in Electronic City that you can check out to select the most affordable one with all the necessary amenities.
  
  One of the best apartments in Electronic City Phase 1 where you can invest is Mahendra Arto Helix. Wondering why it is one of the choicest options among investors?

Why Invest in Mahendra Arto Helix?

Mahendra Arto Helix is one of the most popular apartments in electronic city promising about 86% of open spaces so you do not feel trapped. It encompasses an area of 3.75 acres housing two towers and consisting of a total of 273 apartments. It is located about 15 to 20 kilometres distance from the IT hubs, making it easier to commute for office-goers.

Apart from its posh neighbourhood, its exclusive amenities draw numerous tenants and homebuyers to this locality. These features of Mahendra Arto Helix include Vaastu-compliant homes, and functional bay windows to increase space, light, and ventilation. Additionally, there are beautiful gardens, jogging tracks, no common walls, modern clubhouses, and more.

So, end your search for new apartments in Bangalore and book a luxurious flat at the Electronic City, Mahendra Arto Helix.