Many times, homebuyers fail to properly plan when deciding to purchase a property and finding a financing package to SUIT the property purchase strategy. Only later, do homebuyers find that although they have found the best financing package, there is still a mismatch as it is not the RIGHT financing package. If the financing package benefits the homebuyer in the short-term, the homebuyer’s strategy must also be to HOLD the property for a short term. <click here>
Also, be careful of the hidden clauses in your letter of offer, and understand the impact of such clauses. To read more <click here>
April 1, 2009 at 4:33 pm
how to check cretiries to apply and get loan from bank.
April 11, 2009 at 10:08 pm
Hello Syed,
I think banks apply different criteria based on their own credit policies. It’s hard to comment, so you need to ask each bank what their criteria are. They can advise you better. Roughly, they will look for your income and your repayment capabilities. Then they will check your track record and your collateral value (house value). As to the quantum of each criteria, it differs from bank to bank.