14/10/2022 Financial & Legal Services
Do you know you can get a mortgage loan by just fulfilling the eligibility criteria? A mortgage loan can only be issued by a lender or bank, and they will typically require a certain credit score, income, and the type of property that is being purchased. If you need a mortgage loan, then you must fulfill the mortgage loan eligibility criteria given by the lender's bank. The following are some important key points to consider to increase your mortgage loan eligibility and have your loan application approved quickly.
1. Maintain a credit score above 750
2. Repay your debts religiously
3. Always choose a longer tenure for your loan.
4. Don't take too many credits in the same financial year.
If you need a mortgage loan and want to purchase a home, you must consider your eligibility criteria a top priority.
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