Archive for the ‘Home Loan’ Category
Credit Score For First Time Home Buyers: Everything You Need to Know
You might be worried about the less than perfect credit score if you are a first time home buyer. This guide helps you through the various types of first-time borrower loans so that you understand the minimum credit value to finance your dream home. You will likely have questions about the procurement process, especially in financial matters, if you are a home buyer for the first time. The credit score for first time home buyers having many plans that will enhance one’s dream homes! If you want to find out how much down payment you might need, or how much loan authorization takes. There are apartments in Thrissur that are best to buy for the new or first time home buyer! Although you don’t have one credit score which can help you plan for your financial future, and each situation is different, there are a few sound guidelines that you should be aware of. This is what, depending on your credit score, you can expect to pay as a home buyer first. So let us discuss the credit score needed for first-time home buyers in this article! Typical FICO Minimum Mortgage Form Scores: The credit score needed for first time…
A Step by Step Guide To Home Loan Process In India
In a densely populated country like India, having your own, safe haven, a peaceful abode is a dream for everyone. Most of the people in the country live in rented apartments or homes. This was the usual trend for a long time. But, with the boost in the real estate industry, people now have the options for buying a home of their choice. However, the absence of a good deal of bank balance has kept the potential buyers or the needy ones from buying their dream homes. Here comes the advantage of home loan process. For those, who have a low budget and cannot afford to buy a home at once with their own bank balance, the home loan opportunity is a great way to buy a home in India. If you are thinking of buying a home in India, here is a step by step guide to home loan process in India. Step 1 The Application Process for Home Loan in India: This is the first step for the home loan process if you are looking for a complete home loan process step by step. The applicant needs to file an application for the home loan amount to the…