Housing Loan 101

DSR and Home Loan What does your dream home have to do with a debt-to-service ratio? So you finally found your dream home after months of searching all over. Now the only thing left for you to do is to apply for a home loan to finance your costs. Before you do that though, you need to know about something that banks look into whenever you apply for a loan. What is Debt-To-Service Ratio? DSR,...

(adsbygoogle = window.adsbygoogle || ).push({}); Once you have decided on a property to buy and know what documents you need to prepare, you will next need to know what are your property loan options. There are many choices in the market, and making the best choice may help you save more money in the long run. We list them down below:  1. Term Loan The term loan is once of...

Required Documents for Home Loans The loan purchaser is divided into 2 categories: Employer (Er) and Employee (Ee). Then the Ee is further sub-divided into salaried employee and commission earner. Cash purchaserLoan purchaser or Mortgagor Employer Employee Salaried employee Commission earner For loan purchasers, the standard documents that banks generally require are: Copy of purchaser's...