10 important things you must know before applying home loan
It’s a loan given by a bank or other financial institution for the purchase of a residence or home. In a home loan, the owner of the property (the borrower) transfers the title to the lender (Bank or Financial Institution) on the condition that the title will be transferred back to the owner once the payment has been made and other terms of the mortgage have been met. Home loans consist of a fixed or Floating interest rate and payment terms. that give you the answer to your question which…
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