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6 Ways to Ensure You Meet Home Loan Eligibility Criteria in 2022

Ways to Ensure You Meet Home Loan Eligibility Criteria STEP %24 01 Lengthy Loan Tenure To improve your home loan eligibility, try and apply for a longer duration home loan. STEP Improve Credit Score 02 Home loan provider will go through your credit report & score to analyze your creditworthiness STEP 03 Opt for Joint Loans FOIR /Fixed Obligation STEP You can also add your spouse 04 as a co-applicant Most lending institutions require your FOIR to be below 30% of the income. STEP 05 Income Source Done! Time to party and celebrate! Do not Change Job STEP Work in a company for two CL>X 06 years continuously Source by: https://www.clix.capital/clixblog/6-surefire-ways-to-ensure-you-meet-home-loan-eligibility-criteria/ 000

6 Ways to Ensure You Meet Home Loan Eligibility Criteria in 2022

shared by digireenagupta on Jan 19

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The lowest interest rates and charges over the last three years have made it easier to buy your dream home using a home loan. If you are planning to buy a house in the New Year 2022, you can easily ap... ply for a home loan from a Bank or reputed financial institution. If you are a first-timer, a bit of research would not only make you eligible for a home loan but reveal some important things that you should be aware of. They carry out a comprehensive process to determine the eligibility criteria of an applicant for a home loan. The maximum eligible amount and interest rates are also determined by the bank/lender based on the applicant’s profile which includes income, employment type, credit score, etc.

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Reena Gupta