Must Know Facts Before Taking a Home Loan
5. Keep communicating with your bank
The approval of your loan depends on your present financial situation. So, if there is even a slight change in your relevant circumstances especially in your employment status, the banks are keenly interested in being informed. So whatever it is – your job loss, retirement or switch – ensure that your bank is aware of it and let them not find any loophole to blame you. Have scheduled negotiations and keep them informed.
