How to close home loan of a seller is one of the prime concern of any buyer. One of my client Ms. Jyoti Suneja finalized a property in Gurgaon. She was worried because seller had home loan from Bank A. In my opinion, buying a mortgaged property is safest bet. To close Home Loan of a seller is not that difficult task as it is perceived by the buyers. 70% of the property transactions in India are through Home Loan. In 40% of the cases buyer has to close Home Loan of a seller. In my previous post on Home Loan Process, we discussed buyer's Home Loan process. In this post, i will share Five simple ... Read More
Home Loan Closure – 5 Important Points
A Home is a Biggest Asset, Where as Home Loan is Biggest Liability. According to one of research agency, Closure of Home Loan is considered to be one of the 3 Biggest Happiness in Human Life i.e. 1st Job, 1st Love and Home Loan Closure. This happiness can convert into sadness, if we don't follow some important procedures or steps while closing the Home Loan. As we know while taking Home Loan, we mortgage our property with lender and at the same all the original documents are with lender..It is important that at the time of closing Home Loan, we should take care of following points 1. No ... Read More