If you are someone who is thinking apply for a home loan, what you need to know are some rules and regulation to make the whole process hassle free.
1.Credit score is what matters the most to grab some really good deals on home loans
2. In most of the cases a home loan eligibility calculator can be use to check the lending amount.
3. The financial documents should be kept ready before applying for the home loan in order to avoid any hassle during the whole process.
4.One thing you need to keep very clear is that the more you pay as the down payment, the better for you. Savings should be made for the first down payment as it ranges somewhere between 2.5% to 25% of the total cost of the property that you are planning to buy.
5. A good relationship should be maintained with the home loan lending company so that loan sanctioning can be an easier process to go through.