A Handy Checklist to Consider Before You Apply For a Home Loan

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Home Loan for Nri
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A Handy Checklist to Consider Before You Apply
For a Home Loan
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• Buying a home is a huge step and if you are
  planning to purchase it through a home loan,
  there are certain points that you should keep in
  mind.
• Before applying for a home loan, you need to
  carefully consider the required documents and
  procedures and follow them through, to ensure
  that you get your loan at the right time.
• Different estates offer different houses for sale
  and some even have tie-ups with major financial
  corporations to ensure their customers can get an
  easy loan approval.
• But before you go ahead and sign along the dotted
  lines, go through this checklist.

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• Do Your Research A lot of attractive home loan
  rates are announced by banks from time to time.
• Make sure you go through the terms and conditions
  of all the available options. Often people decide
  to stick to one bank for all their loan purposes.
  
• If you do this you might miss out on lower home
  loan interest rates offered by other banks.
• Decide the EMI Home Loan for Nri is the monthly
  repayment amount that is deducted from your
  income.
• The EMI amount should be decided keeping your
  normal monthly expenses in mind and shouldnt put
  a halt on your everyday life.

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• Remember to keep all loan-related documents handy
  and go through them carefully.
• Also, keep an eye on your annual and monthly loan
  statements.
• Any last minute financial exchanges between you
  and your realtor are highly discouraged, and this
  is why you should file documents carefully when
  dealing with real estate.
• Do not assume your loan advisors or lenders to
  have your best interests in mind. Only you are
  aware of your financial standing and economic
  status, so be wise.
• A mortgage can help you land the home of your
  dreams and make personal real estate a dream come
  true, but it shouldnt affect you adversely.
• Source http//loanwalle.com/blog/a-handy-checkli
  st-to-consider-before-you-apply-for-a-home-loan/

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Nri https//www.hdfc.com/NRI/Singapore/housing-lo
ans/home-loans/for-new-homes-salaried
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