cash purchaser

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...

There are 2 types of purchasers: Cash purchaser Loan purchaser A cash purchaser buys properties with 100% cash. A loan purchaser buys properties by borrowing money from the bank. The loan purchaser can finance his property purchase with a bank loan of up to 90%. Therefore, the loan purchaser only needs to fork out a downpayment of 10% for the property....