First Home - A 5-part series of our experience as a first-time home buyer

PART 4

Although with no dearth of information, in this 5-part series on being a first-time home buyer, I share my thoughts and experiences of buying my first house. Click on the links to check out  the earlier posts in this series.

Know Your Objectives

Setting Budget

Do Your Research

Bank Home Loan

This is one of those most important and deal-breaker facts. We later realised that a although we may be paying interest for no reason, a pre - approved bank loan tended to speed up the process and was a good bargaining chip for the builders. The experts are right! But as we were yet to approve the loans based on the house, that was a little speed-bump on the road.  We finally decided to go through SBI or PNB. However, the process was lengthy with no guarantee of availing a loan and PNB did not provide the amount we required. So we opted for ICICI and though we are paying a premium, it was a guaranteed loan sanction at this late stage. We would have lost a good deal for want of a loan sanction. 

I strongly recommend that, if you are opting for ANY nationalised bank, you should start the bank process for a PRE-APPROVED LOAN rather than wait for after you have finalised the place, saves you heartaches at a later stage. But if a pre-approved loan is not a possibility, it is a good idea to check if particular banks have provided loans earlier in that building. This is of tremendous help as the properties are verified by those banks, the process is speedy and positive. Another aspect to understand is that in re-sale properties, often the seller may also have taken a loan. It is also a good idea to enquire with that bank for a loan which allows easy transfer for the bank and helps reduce a lot of stress for you. However, take into account the interest rates and compare with your previous researches.

Last Post - Paperwork

Love Bites

You are hurting me

With your insensitivity

Don’t, I am not a thing to be locked in

I have done no sin

I have wings and want to fly

They are strong but I ain't sly

Come, I want to take you with me

Together in this world we will be

See through my eyes

And you will hear no cries

Know, Happiness will be your start

If you don’t close your heart

Don’t bind me so much

You just gotta show some trust

Baby, I am here with you

And I love you too.

Dashed

it clouds my mind;
these obsessive thoughts of mine.
random and abstract; making me experience the truths, the ups and downs.
i see pathos here;
for me to dissolve this abstraction
and for him to reach out further.

i laugh with him and cry for him;
emotions for reason unknown.
hovering and hyperactive; like a butterfly, ready to take off when it suits them.
i see a longing here;
for me to soar higher in the sky
and for him of a never ending hope.

Venture

I venture into the unknown,
Thought it would be an adventure,
With a conviction of an amazing experience
Wanted to make the vision a reality
Rather than just a mental image of a result.

I venture into the wilderness,
Thought it would be exciting,
With a lust to tame this for a sanctuary
Wanted to make it mine alone
Rather than share to destroy the soul within.

I venture into the depths of the emotion,
Thought it would be a vibrant new world,
With the door ajar to an open heart
Wanted to make it deliriously happy
Rather than leave it open for someone to bleed it.