Home Loan Process
Almost all people have a dream that one home will be there for him and his family. But lack of funding they do not fulfill their dream. So there is option to make it and i.e. Home Loan. But before taking there are some facts to choose your best home loan.
So, choose your best home loan you look up on the interest rate of different bank. But there are two type of interest one is fixed interest and another is floating interest. So you will be choose which is suit you. And also avoid the extra any Charges. You can search & compare interest rate of different banks in www.deal4loans.com, www.bankbazar.com etc.
After choosing the best deal the next thing is the procedure for home loan:
- Fill the application form which is given by your lender and attached documents. So now we will tell you what type documents will be attached i.e. income proof & employment proof, one identity proof, one address proof, last four months (minimum) Bank statement, Last Salary Slip, Property Details etc.
- After submitting the application your lender check your details and before given approval always remember your Credit Score must be equal or greater than 750. Bank/Lender will request you submit the processing fees.
- After submitting the processing fees bank check your property legally and technically fit or not and they check/estimate your property value which will be you buy.
- The final loan deal, signing the agreement and amount disbursal will be done after completion of above stated stage.
So be happy and fulfill your dream but one thing to remember that is read carefully every line and points of agreements Documents.
