Opportunity never knocks your house door it is your responsibility to check which lender offers the lowest home loan interest rate. This is the best time to apply for a home loan.
Here are the tips you should follow while going for avail home loan
Proper Research: Your agent provide you lots of positive review of the lender but it is your responsibility to check the interest rate, penalty, and any more points before applying for a home loan.
Increase the bridge funding: borrower need to repay on cash but if you pay some additional pay then your EMI will and interest rate reduced.
Read the documents: you need to read all the documents carefully and raise concerns on any point if needed.
Compare processing fee: Most of the lender and financial institutions change some loan processing free but some of them are not you need to check which financial institution does not charge any kind on processing fee on home loan.
CIBIL Score: CIBIL Score is also playing a major part on a home loan if your CIBIL Schore above 750 then you will get a high loan amount and easy loan approval. ere is the tips to increase CIBIL Schore.
Choosing between floating or fixed rates: it is up to you to check which one is best for you floating or fixed interest rate.
I hope this will help you
