4 things to consider before taking home loan - ruloans
TRANSCRIPT
4Things To Consider Before
Taking Home Loan
Calculate Your Current DebtBefore taking any kind of loan it is important to first
calculate your current debt. This will give you rough idea about your new loan repayment
capacity.
Consider Available Cash
After debt calculation, consider how much available cash you have currently for the purchase of home. These will help you to decide how much amount of
loan you actually want.
Understand Repayment Structure
Consider loan’s repayment structure as well as other important criteria like foreclosure charges, processing fee, loan eligibility, etc.
Home Loan Preapproval
Its always better to first get preapproval for home loan for said house/property, as it will
make your house buying process easy & stress-free
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