Rudra Raghavan's blog

Indian’s yearning for property ownership is innate and known. Owning a property, besides gold, is on the top of all Indian’s list of investments. Owning a house is among the top aspirations of Indians. While a lot of Indians purchase properties as a reliable investment for their future and to create wealth, some new buyers want to buy a property which they can call it as their dream home.

Before the home loan amount gets sanctioned, the borrower and lenders enter a deal which requires their signature and execution. The loan agreement speaks loudly of the facility provided by the lenders and the creation of the mortgage on the home. They are typically in favour of the lender. Although it is a mere formality, the loan agreement is the most crucial document which contains the rights and liabilities of the buyers.

Some of the house loan clauses buyers should be aware of before they hurt you –

Delaying your home loan EMI is an unfortunate circumstance and could occur due to numerous reasons. Default due to any reason is not considered suitable by lenders as it negatively impacts your credit report and your creditworthiness. A home loan default happens when you fail to pay three consecutive EMIs or fall short of 90 days in repaying the credit.

Delaying your home loan EMI is an unfortunate circumstance and could occur due to numerous reasons. Default due to any reason is not considered suitable by lenders as it negatively impacts your credit report and your creditworthiness. A home loan default happens when you fail to pay three consecutive EMIs or fall short of 90 days in repaying the credit.

Whenever an individual decides to opt for buying a home, one of the optimal ways of generating finances for the purchase is to opt for a home loan. A home loan is a loan product provided by financial institutions as a way to provide financial assistance to individuals who have a difficulty in acquiring funds for the purchase of a home. Opting for home loans is an effective way of purchasing a home.