Things to know while buying or selling house property, associated costs involved in home loans, EMI calculation tax rules etc.

This post provides you the key legal checklist for buying and selling a house property; method of title deed verification, database available with CERSAI and RERA, EMI calculation, associated costs of home loans, teaser rates, risks involved in transferring of loan to other banks, rules regarding funds transfer abroad after disposal of properties in India;…

Over view: Important pre-sanction home-loan regulations

In light of the observations of the Delhi High Court on unauthorized construction, Banks/FIs before extending credit facilities shall follow the RBI guidelines stated below. . Key steps include: Essential DocumentationSome of the crucial documents involved in a property transaction include: Need for Legal AssistanceGiven the complexity and risks associated with real estate transactions, legal…

How banks process Home loan applications?

(The following article examines the documents required to the bank in respect of borrower’s profile and property to be purchased. It also provides the requirement of the bank with the list of  Property related documents for building /Construction of the individual house on an open plot or purchase of flat/constructed property and common requirement for sanction…