Then it is already a given that you have a higher chance of getting a home loan if you have a full-time job. But, you might need to exercise extreme caution and put out more effort to make sure lenders endorse your application if you fall under the following employment types.
There are numerous forms of agreement work and every is treated differently by banking institutions. Leer más
Indian investors are usually inclined towards buying land either purely as a good investment and for building a residence. Therefore, you may not be eligible for a home loan, but for a land loan if you are looking to buy a plot. Mortgage loans can be obtained just for the home already built, under construction or expected to go through construction quickly. For funding the acquisition of the vacant plot, you’re going to need to opt for a land loan rather. Even though terms, prices and operations associated with land loans are much like that of a mortgage, there are several differences that are intrinsic the 2 as outlined below:
Property venue and Type: Unlike mortgage loans that are available on all properties regardless of their location or type, you might get a land loan just for a domestic plot. Leer más