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Follow on Google News | Loan Tips series-1 by Monei Matters, IndiaBy: Monei Matters, India Home Loan Tips: Before applying for a home loan with any lender: 1. Check your credit score. 2. Save up for a down payment. 3. Pay down debt. 4. Get a better interest rate. 5. Be budget realistic. After getting sanction for a home loan with any lender: 1. Always bargain for a low rate of interest. 2. Always demand for an original copy of your sanction letter. 3. Always demand for a copy of loan agreement signed between you and the lender. 4. Always clarify about pre-closure charges. 5. Always demand for a list of original property documents submitted to the lender in original. 6. Always clarify about the processing fee charges applicable. 7. Always demand for a list of PDC (Post dated and security checks) submitted to the lenders. 8. Always ask for other charges applicable like insurance charges, legal and valuation fee, CERSAI Charges, Bank visiting fee charges, and other Misc. Or any other hidden charges. Always be a smart and educated home loan borrower with the Monei Matters- You financial partner. In the interest of the home loan borrowers. Education series-1 by Monei Matters. For more knowledge and articles, please visit us at http://www.moneimatters.com @MONEI MATTERS, INDIA B-9, Ramprastha, Ghaziabad, UP, India-201010 Call: +91-9313803227 / 9711993227 End
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