HT Estates - - HTESTATES -

A bank will usu­ally lend be­tween 75-80% of the agree­ment value, and the bor­rower has to pro­vide the rest from per­sonal re­sources The lend­ing rate at­tached to the home loan also changes from time to time, depend­ing on how the econ­omy is far­ing and how much liq­uid­ity ex­ists on the mar­ket The pa­ram­e­ters on which a po­ten­tial bor­rower’s el­i­gi­bil­ity for a home loan is de­ter­mined in­clude em­ploy­ment sta­tus, du­ra­tion of cur­rent em­ploy­ment, per­sonal in­come and credit sta­tus The credit his­tory of an in­tend­ing bor­rower is im­por­tant to banks, who need to ver­ify whether there is any record of de­fault with an­other fi­nan­cial in­sti­tu­tion


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