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Monday 11 May 2015

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Five common home loan truths that you need to know before you sign up for it

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You may not generally advantage from repo rate cut:

If you are a borrower who has taken advance before 2010, you may ask why you have a higher credit rate than the present bank rates.

Altered does not generally signify 'settled':

Borrowers settling on settled rates dependably have a protected feeling. In any case, on the off chance that you have not experienced the advance records painstakingly, you may be in for an amazement at a later stage.

Banks won't let you know the amount Pre-EMI you will need to pay:

You are content with the rate of premium offered to you. What's more, the month to month EMI surge determined by the bank authority is moderate.



Banks look for interval security for home advances:

Many borrowers who look for credits for out and out property buys are being educated about the requirement for a between time security at a later stage just.

Banks judge property cost according to their list:

Often home advance borrowers are shocked at what the banks offer them as a greatest credit sum.





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