How Will Weddington Reality Help You Buy Your Dream House?
Everyone dreams of buying their own house, no one wants to live in a rented place forever.
But, making it a reality is also not that smooth.
App link : https://apps.apple.com/us/app/weddington-realty-now/id1600504189
For instance, you can’t be sure about the quality of the house, especially if you get one from the builder. Besides this getting a dream house also needs considerable homework, legwork, and effort on your part so that the entire process can go as smoothly as possible
Even if you overcome all this, money always becomes that one factor that resists you to walk on a smooth path, even though you searched for low-income housing.
At Weddington Reality, we make sure that finance won't be the roadblock among all the roadblocks in your path while buying a dream house.
This blog is to tell you what is Weddington Reality and how Weddington Reality will help you buy your dream house.
Jim and Alice are working professionals and are planning to buy their first home- a dream home. They found their dream home- a 3BHK villa in a nice neighbourhood of Livingston priced at $1,80,000 through a property finder.
Both of them realized that this is significantly more than their original budget of $1,20,000.
It would also mean taking a home loan that will stretch their finances and will limit their future. But they were also not sure whether they should keep looking for some budget alternatives or buy this expensive but perfect dream house through a home loan.
What will you do, if you faced a similar situation?
Well, many choose their dream house and end up with a massive home loan that stretches for decades limiting their daily finances. Not to forget the interest rate.
What if I say, there is an alternative to this sizeable long-term debt?
Receiving donations from friends, family, and loved ones to fund housing-related costs.
The Cost of Buying a Dream Home
Purchasing a dream home can be an expensive, out-of-budget proposition for which you might have to take a home loan to fund your purchase, or worse, you might not be eligible for a home loan.
What else can happen is that your home loan will not cover the entire cost of the property, and a big home loan also means big EMI payments.
So now, if you take a closer look, the maximum home loan Jim and Alice can get is 80% of the value of the property that’s being purchased. The other 20% will be the down payment that they have to make at the time of their purchase.
So, if the cost of the property is $1,80,000 and the home loan is needed for $150,000, the down payment will be $80,769. This is the monthly down payment. Now you can imagine the sizeable amount of a home loan.
However, aside from the down payment, Jim and Alice will also have to consider the monthly EMIs. Assuming the home loan interest rate of 7% p.a. and a loan tenure of 30 years, the EMI payable for the home loan is $17,191.
You can see that this is a huge amount to pay every month for the next 30 years. Such a large debt will limit Jim and Alice's future options, and they might have to compromise on their other goals.
The Alternative: Buying a Home From Weddington Reality
Weddington Reality is a tool, a realestate app, to receive donations from friends, family, and your near and dear ones to utilize the housing-related fund when the home is purchased through Weddington Reality.
Weddington Reality is a very practical and ingenious mobile application that allows an individual to receive monetary donations or gifts from friends or family for housing expenses while purchasing a property through Weddington Reality.
It can be accomplished in a few easy steps: download the app, and create your account. Once done, you will get access to virtual gift cards; this is where one can donate funds. The gift card is also encrypted with a unique auto-generation code to track and prevent duplications.
In addition to that, it is not necessary for donors to have the app to contribute money; the gift card also functions as a shareable link.
Weddington Reality proves to be a necessity for all aspiring homeowners who wish to obtain affordable housing and virtual donations from friends and family to complete housing payments. On the other side, it is also beneficial to the technology industry.
Guess what, with the help of Weddington Reality, Jim and Alice have now brought their dream house and are living happily in the Oak Terrace in Livingston.
Now it’s your turn to buy your dream house. Download Weddington Reality today and make your housing dream more accessible. Along with a buying home app, Weddington Reality also offers relocation management services.
App link : https://apps.apple.com/us/app/weddington-realty-now/id1600504189