Everybody wants a place to call their own; a nice place to go home to, relax and just be at peace. But finding a place comes with many obstacles. First you have to find a place you like and it has to fulfill your requirements, both inside and outside. Then it has to be affordable. Affordable… how do you decide if the place is affordable for you? And how do you decide what mortgage plan to go for? Bproperty.com has a great Home Loan calculator that can help with this very predicament. Let’s see what it and bproperty.com has to offer in this regard.
What is it?
Very few people – almost no one – purchases land in one payment. So how do you plan on completing your payment? You have to think about a loan you may wish to take, over how long you want to pay it back, and the loan interest rate. There are already many factors to consider before taking a home loan, and the calculations involved may be overwhelming and tiring. This is where a mortgage calculator can really help. The home loan calculator on our listings provide the base calculations so you can quickly determine a course of action.
What you’ll find
When you look through the bproperty.com website, you’ll come across numerous properties that grab your fancy. When you shortlist a few or finally find one that you really want, it becomes time to think about your finances and perhaps a taking a mortgage.
Scroll down the page of your chosen listing and you will come down to the Home Loan Calculator. Here, you will see a few sliding and box fields. The fields are labeled Total Price, Loan Period, Down Payment and loan Interest rate. You will find the chosen fields adjusted for the property you are viewing. This includes a standard setup of a 30% Down Payment, 25 year loan tenure, and a loan interest rate of 11%. These then automatically calculate the monthly payments necessary and the total amount payable.
Function
Though the home loan calculator is automatically adjusted for the listing that you are viewing, the sliders are modifiable. This is in the case that you want to see what a different down payment or loan interest scheme entails on the monthly and total payment. You can move the sliders to get your value or input it directly into the boxes of the loan interest.
Keep in mind – the given values are adjusted for the listing being viewed according to a standard model. Any adjustments you make are for your own understanding and do not affect the actual value or purchase amount until all parties agree on the calculations.
Loan management guidance by Bproperty
So you’ve found the property you want. You’ve gone through it and have a brief idea of how you want to make the payment now. There are many banks and hence, many options. Bproperty.com will guide you through the entire process. Of course the legal side of the sale is our responsibility by virtue, but we advise on financials as well. We can, should you so choose, show you a number of options available from various banks. We can even set you up a meeting with the bank, if that is your preference.
Our job is to find you the best property for you. Be it a warm home, a productive workplace, or a piece of land for the future, we strive to provide you a complete solution. The Home Loan Calculator is a small addition to the website to streamline and simplify the foundations of financing a property for you. Watch our instructional video below, try out the calculator yourself or knock us here or on our Facebook page for further details.
2 Comments
what’s the processing to get home loan?
what’s the requirement loan processing?
how can i get?
Sir, each bank or financial institutions have different requirements and procedures for giving out home loans. If you are looking to buy an apartment and require a home loan for that, please do call our customer service where we may be able to help you not just find a home, but also assist you in getting a home loan. Thank you.