Most
of the homeowners finance the colossal payment on home purchase through home
loans. The two most important factors contribute much to home loans are
• Amount
• Tenure
The
two factors are correlated. The major factors which affect home loan are
1
Age of the borrower
Younger
people can get a home loan of higher loan tenure as they have many more earning
years to pay back the EMI whereas for older people its difficult to get home
loans of long tenure.
2.
Income
Income
determines one’s repaying capacity to pay back the loan. For one with surplus
income, he has higher chances of getting approved a home loan of long tenure.
3.
Age of the property
The
residual life of the property directly influences the home loan tenure.
4.
EMI
The
lower the EMI higher will be the tenure.
Ladder
Mankav Greens, apartments in Calicut by one of the trusted real estate
developer, top builders in Calicut, Ladder Kerala is presented at 499% home
loan and 20 years of free maintenance. The project, luxury flats in Calicut,
features international quality in design.
To Know More About The Project https://ladderkerala.com/ladder-mankav-greens/
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