Wednesday, 22 January, 2020

Property Life Loan

Category: loan


What is CIBIL score? A credit score is a numerical number generated on a level of investigation of a person’s credit files. CIBIL score is based on credit behavior, as reflected in the ‘Accounts’ and ‘Inquiries’ section of CIR and Read more…


Pre-approved Loan: Pre-approval means you should be able to get the loan as long as nothing changes about your financial situation or your credit score. A pre-approval letter helps when you want to compete with another buyer for a home Read more…


Existing loan payments: You must keep your payments current on all your loan accounts, including credit cards and car loans. The lender will look at your credit again before finalizing your mortgage, and if you have missed any payments, it Read more…


Be careful before you consolidate your debt: Debt consolidation can be tempting when you finally start looking at buying a home. Most consolidation offers make it possible for you to bring all your debt under one umbrella payment, which makes Read more…


Avoid changing jobs: It goes without saying that changing jobs is not something you should do in the middle of purchasing a home! One of the things lenders look closely at is your employment history. They want to be sure Read more…


Avoid shift your finances around before getting the loan:  The approval is based on the current status of your finances. You want to maintain that status and wait to make any financial changes until after you have gotten your mortgage. Read more…


Avoid start banking at a new institution: Changing banks before getting your loan can disrupt everything. Your banking history and status is part of the equation that leads to you getting pre-approved. Change your bank, and you may not get Read more…


Avoid buying a car: purchasing a car can throw a struggle into your home buying plans. Your loan pre-approval was based on the state of your credit and your debt load at the time of pre-approval before you bought a Read more…


Avoid make inquiries into your credit: Any time you apply for a credit card, a loan or even try to sign up for a new service and financial institution necessity to decide if you are a safe risk. But when Read more…


Avoid buy furniture or household goods on credit:  If you want to start buying furniture and appliances to fill up your new home on credit you should pause till disbursal of your loan. Taking on new debt, even for furniture Read more…