Owing a house is one of the biggest dreams of many a family. Buying a house is a lifetime decision involving a large quantum of funds and usually forms almost 80 to 90 percent of the family’s asset base. To raise a large quantum of finance the internal funds are complemented by bank borrowings. The journey from applying for a loan to getting one is the most important link in achieving the goal of a dream house. The exercise begins with the property selection, moves on to bank selection and passing through many more procedures reaches the destination of getting the loan.
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Courtesy: economictimes.indiatimes.com
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