Home Loan acquired from a Financial Institution to purchase a Home. Home Loan consist of an Adjustable or Fixed Interest Rate and Payment Terms. Home loan may also be referred to as Mortgage Loan.The dream to own a house, one that you can call your own, is irrepressible. Home loan have been instrumental in transforming that dream into a reality, for many. However, before you apply for and get a home loan, it is important that you acquaint yourself with a glossary of a few typical terms associated with such a loan.
We Create a Space of your own with Sure Solutions Home Loan. Our Loans are tailor made for Salaried Individuals and Self-Employed at attractive rate of interest and longer tenure. We also provide you with legal and technical counselling to help you make the right home buying decision. When you wish to purchase a house, applying for a home loan can help you to a great extent. It provides you the financial support and helps you buy the house for yourself and your loved ones. These loan generally come with longer tenures (20 years to 30 years).Home loan are primarily taken for buying new homes. However, these loan can also be used for home renovations, home extensions, purchasing land property, under-construction houses, etc.
“Maintain a good credit score, by repaying all existing loans on time. Maintaining enough money in the bank account and a stable income stream, for getting a loan easily. Loans taken towards or after retirement or those taken very early on in your career, take longer to process than loans taken between the ages of 30-50 years. So, buy your home at an early age.” The credit score of an individual can reveal the repayment capacity of the borrower and is used by financial institutions, to understand if the borrower can be lent the amount requested.
Want a home for yourself and for your family? Why pay rent, you can instead apply for a home loan which can secure a place for you. The home loan is a service product offered by banks and NBFC to help to cherish your dream to have a home or place for yourself. The Home loan can be used in buying the new property, construction of houses, the extension of your house or renovation of home etc. The interest rate of the home loan is relatively lower than other loan products as it is the secured loan. The repayment tenure of the home loan is long and maximum time period is 30 years which give you the option to pay low-EMI and come with instant approval facility. The Home loan considers your house as collateral against the loan applied. You can also apply it along with your parent or spouse as co-applicant to share the burden of EMI and increase your eligibility of the loan amount. You can also avail the benefits of interest savings available for faster repayment, or withdrawal towards your home loan.
Go ahead, pick the home loan with Sure Solutions that fulfills all your requirements today!