Friday, April 26, 2024
Underwriting is the structured process by which financial institutions like banks and lenders determine and price the risk posed by potential borrowers in repaying a mortgage loan. Essentially, it is a systematic and detailed analysis of a borrower’s creditworthiness. The mortgage underwriting process consists of many stages from information gathering […]
When you apply for a Home Loan, the bank looks at your earnings, your liabilities, expenses, your job stability, and more. It’s also important to note that salaried applicants are favoured more than self-employed applicants because of the perceived assurance of a steady income. Besides this, factors like age and […]
Buying property is a dream come true for many, but most don't understand that there are hidden fees and that buying that perfect home may turn out to be more expensive than originally anticipated. There are certain fees and costs which are unavoidable, but which need to be understood before […]