Housing.com has successfully launched theirto empower with the home search with the home loan service. Till now they have been on their toes to ensure that you are connected to your dream house and now they have taken another step to ensure the dream realizes as soon as the house get finalized yet simplifying it with the judicious application of the technology.
Points to consider before opting for House Loan
Get to know the eligibility of the your loan amount
While we do our home – shopping we tend to get carried away by extravagance and finalize properties which may not fit our financial position. But when we apply for loans from banks or other financial institutions, then if it doesn’t pass their scrutiny, then there are chances of the loan for getting disapproved which results in shattering our dreams of possessing our home and that moments brings lot of pain and disappointments. So, it’s important to have an understanding of the eligibility of the loan amount and then finalize a property. The calculation of the loan eligibility widget provides you with an assessment of the financial punch you can tolerate by analysing yourso that you are not in any financially uncomfortable situations and maintain your life – style, since EMI is a long term liability.
Opt for the right plan
There are number of banks offering home loans with attractive offers, but you will have to be judicious about choosing a plan which suits our requirement. Housing.com home loans provide you with the options from six different leading financial institutes; hence you get an idea about your suitable pick. They also provide the break – ups of the elements of the home loans for your better understanding.
Clarity about different terminologies and the way of maintaining the home – loans
There are lot of technicalities as well as terminologies you need to be acquainted with when you are opting for home loans. Housing.com has a section which provides answers for all the expected FAQs to provide you with all the possible insights before you opt for the home loan.
Applying for home loan online
Housing.com provides you with the option to apply for home – loans once you pick your dream home. The comparison along with the detail bifurcations are calculated and presented to you and amongst the options, you may pick your relevant home loans and apply online by filling up the required mandatory details. Presently they are affiliated with six leading financial institutes and more to be there with time.
Tracking the application online
Once you have applied for the loans, you can track your application online since an application passes through various departments for reference checking and other technical checks and with Housing.com you exactly can track the progress of your loans as well as the exact loan disbursing date and as per that you can take ahead your financial dealings related to the purchase of house with the concerned person.
And yes…don’t forget to insure your home loan.