When applying for a home loan, one of the most important documents you will receive from the lender is the Home Loan Sanction Letter. This letter is a crucial step in the home loan … READ FULL STORY
Getting a home loan approval is crucial for many aspiring homeowners. Banks might reject loan applications for various reasons. Understanding these reasons helps you prepare better for your loan application. It’s important to know … READ FULL STORY
Purchasing resale property can be a lucrative option for investors and meet their budget requirements. Not only is resale property a cheaper option, it also allows more room for negotiation and customisation. However, there … READ FULL STORY
Home loans are often very large lines of credit, which place a considerable load on the borrowers’ finances due to the loan’s high value. However, the amount of the loan that you are eligible … READ FULL STORY
Owning a home is a dream for every individual. Depending on the financial status, every family decides upon purchasing a house at some stage of their life. Some people happen to purchase a house … READ FULL STORY
Since the year 2022 is possibly the best time to buy a house with the help of housing finance, as interest rates are at a 10-year-low level, it becomes absolutely necessary to know how … READ FULL STORY
While seeking a home loan, some queries may seem fairly straightforward but it is always good to start with the basics and then get into the details. Here are some things you should consider … READ FULL STORY
To boost demand in the real estate and construction sector, which employs the largest number of people in India after agriculture, the Reserve Bank of India (RBI) has reduced its lending rate to 4% … READ FULL STORY
Loan-to-value (LTV) is a ratio of the amount of loan that can be given to the total value of the property. The LTV can range from 75 per cent to even 90 per cent … READ FULL STORY
While granting a home loan, lenders generally ask the applicants to submit a copy of their bank’s account statement, for six months to a few years. These are very important documents from the lender’s … READ FULL STORY
The home loan tenure and home loan amount are positively correlated. So, higher the home loan tenure that you opt for, higher is the home loan eligibility, subject to the minimum margin requirement relative … READ FULL STORY
