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Zero interest in this elderly shepherd...depressed senior will die in a shelter

A home loan might be a quick fix to all your home-related financial woes, but like any other loan, your lender will require you to prove your worth before awarding you with the funds.

So, how do you go about it?

It's quite simple. All you have to do is produce all personal/professional details to your lender. Here's a list of eligibility criteria you need to meet to successfully avail of a loan.

1. Examining your Eligibility

You'll have to fulfil certain criteria to convince your lender(s) that you're cut out for the loan. Here's your home loan eligibility criteria checklist that might vary slightly depending on your lender, while maintaining the same essence:

Valid identification proof (passport/voter identification/ driver's' license) to prove that you're an Indian resident
You must fall within the 25-70 years age group
If you are a self-employed individual, you'll need to submit proof that your business is at least 5 years old
Your loan amount must fall between the minimum and maximum amount offered by your lender
Your latest credit report with a score of 750 or more and a brief history of on-time payments and credit utilisation
2. Documents Required for Home Loan Sanction

Once you're eligible, the financial institution lending you funds will require documented proof of your existence and financial stability. Here are the papers you'll have to put up:

Complete Home Loan application with all your credentials
Latest passport size photographs
Proof of identification (voter's identification/passport/driver's license)
Proof of residence (voter's id/water or electricity bill)
Proof of business address (in case of self-employed candidates)
Bank account statement for the past six months
Signature identification
Personal assets and liabilities statements in a proper format as stipulated by your lender
Detailed information about loans you're already paying including details of the lender and securities mortgaged
If you're a salaried individual, you'll have to provide the lender with additional documents. Here's a list to help you organise your papers:

Original salary certificate for the previous month
Tax Deducted at Source certificate - Form 16 or a copy of the IT returns you've made in the past two years acknowledged by the Income Tax Department
For a self-employed individual running an enterprise, the additional documents to be submitted are as follows:

Income tax returns made in the past three years acknowledged by the Department of Income Tax
Receipt copies of advance income tax payments
3. Property Documents Required for a Home Loan Sanction

When you put up your property for a home loan, the financial institutions will demand legitimate paperwork to clear it of any illegalities before the loan amount is sanctioned. Here's a list of documents you might have to produce if asked by your lender:

Agreement of sale
Paid building and land tax receipts
Certificate of possession
Location sketch of the property certified by revenue authorities
Letter of allotment issued by housing board or private builder
Receipts of advance payments made towards purchase of the flat
Non-encumbrance certificate
Original NOC under Urban Land Ceiling Act, 1976
Copy of relative order if the land has been utilised for agricultural purposes
Original NOC from Housing Society or private builder
Detailed estimation of the cost of construction
A stellar paper trail is undoubtedly the best method to get your loan application approved because those pieces of paper justify your ability to repay a loan. You'll have to think of it as a job interview. Every detail mentioned in your documents has to be legitimate to get the final nod of sanction from your lender.






GUS should be laying on a comfortable bed being pampered in his old age. Instead he's in a concrete cell waiting for his trip to the EU room. Poor Gus can't figure out why/how he ended up here!

Gus is a sweet shepherd mix who needs a hero! Adorable folded ears, eyes that break your heart...ruf-fly 40 - 45 pounds - this senior needs a savior! Found abandoned and alone his stray hold will go fast. Needs a plan now!!

Kennel 22 id#63314

Rural Shelter Near Corpus Christi

FMI CALL OR TEXT 361-548-4158

STATUS : - read comment for update from crossposter
Mortgages are so important these days and they are actually a big help both for the lender and the borrower. However, choosing the right mortgage is not an easy decision to make. Commonly, people only look at the rate of interest being charged, the mortgage tenure and the type of mortgage. Well, these are very important points to consider and analyze but there are more things to know about before signing the deal. Here in this article I would like to throw some light on one of the most important points in this regard. It is the Mortgage Charges.

These days the rate of interest has dropped down due to various reasons but the fee involved in the whole process has only climbed upwards. I would like to go a step further by mentioning that the tricky approach adopted by the lenders has made things rather more complicated for borrowers. So here we would like to pick out the most important fees related points that you must know about.

Listed below are the fees to be paid while applying for a mortgage.

Booking Fee: It is a fee that is charged while you apply for the mortgage.

Arrangement Fee: It is a fee that is charged by the lender to set up the mortgage.

Valuation Fee: It is a fee that is charged by the lender to carry out a survey on the property to be purchased.

Legal Fee: It is a fee that is charged by a solicitor to carry out all the legal paper work.

Higher Lending Fee: It is a fee that is charged by the lender only in cases where the mortgage covers maximum portion of the property value.

Advice Fee: It is a fee that is charged by an expert financial adviser. There are many free advisors though.

Chaps Fee: It is a fee that is charged by the lender for sending the funds to the solicitor.

Own Building Insurance Fee: It is a fee that is charged by the lender if you have purchased a building insurance from elsewhere.

Listed below are the fees to be paid after you have the mortgage.

Annual Percentage Rate (APR): The APR of a mortgage is calculated to feature in the total interest cost beyond 25 years term plus any related fees.

Early Repayment Charges (ERC): The ERC of a mortgage is charged by the lender if you withdraw from the deal before the time fixed at the start.

Exit Fee: This is a fee charged if you switch the lender or switch the mortgage.