home loan eligibility criteria

Home Loan eligibility depends upon various factors. A few of them are listed here -

Income - Your income determines the amount of home loan you are eligible for. Banks generally keep the EMI to income ratio at .60 to .70.

Tenure - The longer tenure you opt for, the more is your home loan eligibility and the lesser is your EMI.

Age - Your age will determine your home loan tenure and hence your eligibility.

Interest Rate offered - Banks offer Fixed and Floating Rates of Interest. If your interest rates are on a lower side, then the loan eligibility will be higher..

CIBIL Score - Your credit report tells the bank about your repayment capacity and hence determines if you’re eligible for a loan.

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I don't normally take the time to write positive reviews, but the experience I had with Capital Funding Mortgage was just so easy and smooth, and there were no "surprise" fees at closing.
Thanks again.
!Trudy .... Feasterville PA

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