Reasons Why Your Home Loan Application could be Rejected

Purchasing a home is one of the most important financial decisions of your life. You have to spend each and every penny with utmost care. Due to the rising prices of real estate in India, it has become almost impossible for a middle class buyer to purchase a home without the help of home loan. There are numerous aspects of getting the right home loan from the right lender.

Reasons Why Your Home Loan Application could be Rejected

In spite of applying for a home loan after much research, there are chances that your home loan application might be denied by the lender bank. You have to learn about the risk areas that can lead to your home loan rejection. Some of the reasons are generic and apply to almost all the applicants; however, some reasons may also be specific to a particular applicant. [Read more…]