Are
you planning to buy a new home? Which is your choice joint property ownership
or sole property ownership? Before making a decision on it, have a general idea
regarding the benefits and disadvantages of joint property ownership.
There
is no strict ruling on choosing the corner of a property. It can be your
spouse, children, parents, brother etc. And also there is no restriction
regarding the employability of the co-owner but credit history of the co-owner
is considered by the home loan lender to check the home loan eligibility.
Advantages
The
most important benefit of co-owning a property, flats in Calicut is the
increased loan eligibility. Since the sum of the monthly intake of both the
applicants is a higher amount, you can avail a higher loan amount. Many home
buyers opt for the joint property ownership because of the income tax benefits
on both the principal and interest amount.
Payment flexibility is an attracting benefit of joint property ownership
as the co-owners strategize a plan on how to proceed with EMI and do
accordingly.
Disadvantages
When
it comes to demerits of joint property ownership of a property, say apartmentsin Calicut, documentation delay is an important factor to consider. Depending on the number of co-owners the
documentation process gets delayed.
Ladder
Mankav Greens
Ladder
Mankav Greens, a top-rated premium residential project, luxury apartments inCalicut, presented with 4.99% home loan, 20 years of free maintenance and
hassle-free registration process.
To Know More About The Project http://ladderkerala.com/ladder-mankav-greens/
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