Are You a First Time Home Buyer?

first-time-home-buyer

Are you a first time home buyer? Then you will have an entire list of things to check off before you actually buy a home. If you are an Indian aspiring homeowner then you have the added burden of coming up with around 10%-20% down payment amount for buying your first home. Most of us try to come up with this down payment amount in the form of our savings, borrowings from friends/family, dissolving financial assets or selling an old property if one has or taking a personal loan from a bank. These are the most common ways of raising funds for meeting your home down payment needs.

I am sure many Indians must know of the DPA Grants that are available to citizens of other countries like USA, Australia, etc when it comes to buying a home if only because it makes their life easier and helps them to settle down in the home of their choice. Limited down payment capital means having a financial cap on the kind of home you can buy for your first home. Then you have to make do with whatever homes are available in your price range.

Now, thanks to the HomeCapital Program, assistance is available to Indian first time home buyers as well. The assistance is in the form of up to half of the home down payment required and that, too, interest-free. Following are the eligibility criteria for the HomeCapital down payment assistance:

  • You must be salaried and employed with a reputed company
  • You must satisfy credit standards of partner financial institutions for down payment assistance
  • The partner assessment parameters relate to monthly income levels, existing financial obligations, financial track record, education, and work experience
  • You must qualify for a mortgage loan from leading financial institutions
  • The program is applicable to participating properties only

Thus, now is an interesting time to be a first time home buyer in India!

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So I Came to Know About HomeCapital…

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Have been working for a long time now…so yes the question of buying a home now has naturally cropped up in my family. Have started doing the research for it too… But my savings are falling a little short of the down payment required for all the properties that I aspire to buy a home in. I don’t want to go the usual way of borrowing from friends and family to meet my down payment needs.

Luckily, the option of home down payment assistance is now available for Indian first time home buyers or so my friend tells me. HomeCapital is the pioneer company who has started this service for the Indian first time home buyers. Given that all other parameters remain constant and you have a good credit score, now you can be eligible for up to half of the down payment assistance required through the HomeCapital program. The even better part – at zero cost EMI.

They, also, have a list of really awesome properties around Mumbai & Bangalore present on their portal to choose from while looking for your dream home. All in all, the HomeCapital Program seems really promising for first time home buyers like me. Hence, here I am trying to do my bit of creating awareness about it so that the Program reaches and benefits as many people as possible.

Will…

Get on with your life – says everyone… But how do you do so when you are stuck on the same old questions that have been plaguing you all of your existence… Do you just forget them? Or let go of them? Or make your peace with them? What do you do?

Peace – the elusive siren with her enslaving song… There she goes, on her merry way, snaring the wary and the unwary alike in her thrall… I hear her from a safe distance… And yet she’s made her stay in my being… I yearn for her, neither strongly nor softly, just enough that I can’t repose without making her my own…

Ah Peace! Where art thou? I question and crave your being, your existence… Yet, I’m yours, ever willingly…

Choices…

Jealousy!

Thy insidious snake.

Writhing inside me, turning everything green, murky… Clouding my mind… Digressing me from the correct path, the correct options…

Why oh why are we so susceptible to jealousy? The way I have experienced life, we have more predilections towards certain emotions than others – jealousy being one of them. The moment the green-eyed monster rises in the mind, one forgets everything and just blindly reacts… Why? Is it hardwired in our makeup as human beings? And if it is, then is it more genetic or spiritual? Or are both one and the same? Do we carry both genetic and spiritual footprints from one birth to the next as we die so that we are only as evolved as we make ourselves in the previous birth and have to suffer or celebrate our backwardness or advancement in the next birth?

Is it all instinctual? So many ugly monsters inside us and so many angels… Heaven and hell both inside us… Yes! That maybe it… The monsters become stronger sometimes and lead me on the wrong path but when the clouds ease up, the angels step through to guard me through whatever path I might have chosen. And you know what? The end isn’t half bad as it might have been… My angels do do their job…

That’s life I guess… One unpredictable path of choices with monsters tempting one off the path and angels guarding one back on the path through any hurdles and roadblocks… I just hope that the end is worth all the trouble…

Jealousy! Anger! Greed! Lust! Thy name is Life!

Keep Walking…

Pondering…

Life…. It takes you in such myriad directions…. You never know where you gonna find yourself… Just that somehow you have reached someplace you never thought to find yourself in in the first place…

Complicated yet exhilarating it is… Full of ups and downs, highs and lows, times good and bad… Each leaves a mark on you and slowly, silently passes away…

All you can do is experience them as they pass you by, learn from them and move on with your life… Nothing more and nothing less…. There’s nothing else in your control… How do you try to control the strong undercurrents of swift flowing water? You can’t… So is life… All you can try to do is coexist with her symbiotically as she passes you by… That’s the best you can do… If not, then live parasitically on your life. Let things happen to you instead of making things happen in your life…

Keep walking….:D

Question…

Is it true that after a certain age you need someone? Or is it possible to have your cake and eat it too? I find myself pondering this question with increasing frequency nowadays yet I’m nowhere near enough to an answer, a revelation of sorts…

There’s also the fear of rejection from one as I have BPD… I wonder if the fear is justified…

Till then…

Keep Walking…

Blessings…

Whenever the day feels extra heavy, remember to count the blessings you have in the form of people you have who love you unconditionally… Believe me, there are always those who love you just the way you are and that makes all the difference… Why struggle to earn the love and appreciation of those who would want to change even a hair on your body before offering the tiniest morsel of their regard to you… If someone wants you to change to love you then they are not worthy of having you in their lives…

Learn to love yourself…

Learn to value yourself…