A list of some major considerations when you are considering to buy home loan
A home is a big investment in one’s life. A home of one’s own is a universal dream for most of us, and sooner the better. In this article we shall talk about some of the major considerations before you consider applying for a home loan or a mortgage loan. Considering these criteria will make the process easy for your and more importantly it will make it systematic and clear. You will know what to do and how to proceed. Considering the eligibility criteria: this is the first major step in your planning process. You need to see if you qualify. You need to see how things work out. This is where the lender is going to assess if you are eligible for a loan or if you are not. This assessment will take into consideration criteria such as income, repayment capacity, age, qualifications, financial position, stability of the job and also the number of dependants on your income. So, before you consider a loan, these are some areas that you need cover. Home first or loan first? This is ...