3. Have Complete Details of Your Investments

Like all loan procedures, getting a home loan is paper-work intensive as well. So, make sure you have all related documents in place. You will have to keep all papers related to your investments in place. Investment papers include – mutual funds, stocks, fixed deposits, EPF (Employee Provident Fund) and PPF (Public Provident Fund) statements, proof of trading or involvement with an agent and the like. Keep all your ID and address proofs and bank account statements handy too. Having these papers indicate your ability to successfully handle finances. This is an extremely important trait of a loan applicant. Taking the help of professionals, who deal with managing finances, can also be done. Always make sure that you have the originals with you at the time of seeking the loan. Keep coloured copies of the documents as well.