HOME EQUITY LOANS

Home Equity Loan:

Home Equity Loans regardless of the products, taking as the market value of the charge to the customer a credit mortgaging property. That is, Home equity loans, some of his property for any other purpose for those clients who want to get credit is given to the Bank for a mortgage. Then consider market value of the asset so Bank decision and therefore have decided how much to pay to the customer.

Both residential and residential property, responsible for approving the loan, not the owner of the title, and each type of release, the mortgager is licensed under a plot of land dispute.

Home equity loans not constraining to a private investment loan money by using. This can also be used for the marriage, higher education, health care expenses, etc. But this should not be used for any illegal purposes, or speculation.

Home equity credit conditions:

• Reference: an individual or joint account can apply for Home equity loans from someone. However, co-co applicants.

• About 60% of the value of the loan amount: real estate-65 ' I had to go 10-lacs commercial and residential real estate which the repayment period was in the form of bank loans, and it is high in the individual Bank policies may vary, based on 15 years with 10.

Popular interest: home equity loans can both from fixed and client requirement with a constant interest rate.

Home Equity Loan application:

Today, one person, a professional or a company's home equity loan can be used for the convenience of the client to the application form, you can apply by filling out the on-line forms. You must provide certain information to get a loan approval.

Home Equity Loans by banks to the requested documents:

Paid customers:

1. application form with photo

2. identification and residency documents

3. recent salary slip

4. Form16

5. in the last 6 months bank statement

6. processing fee check.

Self employed businessman: professional

1. application form with photo

2. the nature of Education

3. identification and residency documents

4. in the last three years is proof of the existence of the business profile and profits

5. the Recent 3-year income statement and balance sheet.

6. in the last 3 months bank statements, personal and business.

7. check processing fee