Raising finance for buying home, apartments in Calicut, can
be a strenuous task and many resorts to availing home loans for buying or
building a house. And hence, home loan eligibility is held with great regards
as it decides the eligibility based on the financial background and income factors
of the applicant.
Listed below are the 5 ways to increase home loan
eligibility
• Combine Incomes –
A joint application which combine the incomes of the applicant with a family
member is ideal as it improves the eligibility. A working spouse or parent
increase the credibility as it helps to share the liability.
• High tenure – High
tenures offer more time period for repaying with smaller EMIs which lessens the
burden of repayment. Therefore, choosing a high tenure home loan increase the
chances of getting a home loan.
• Pay off existing
liabilities – Applicants without any existing liabilities or pending loan
repayments are more eligible as banks consider existing loans as a factor that
may affect the repayment capacity.
• High credit score
- Maintaining a high credit score is mandatory for home loans. A CIBIL score of
700 and beyond are considered ideal availing a home loan.
• Variable pay -
Including variable components like bonus and incentives help avail higher
credits by assessing the repaying capacity.
Ladder Kerala, the top names in building luxury flats in Calicut carve its own unique space in the real estate scenario of the northern city
Kozhikode. The rusted builder presents world-class designed luxury apartments in Calicut at their flagship project named Ladder Mankav Greens. The premium
project promising you a happing urban lifestyle in the midst of the city.
To Know More About The Project http://ladderkerala.com/ladder-mankav-greens/
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