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Mr. Rahul a corporate employee has forgot to check the Home Loan sanction letter of the bank before signing it, as a result of which he is paying 0.5% of additional interest on his home loan account. This is a very common mistake that many customers do while taking a home loan. Customers blindly trust the home loan service provider and sign the documents with out reading it which is not suggestible to as a Home Loan is a Long Term (Life Time) contract with the bank.
Legal process is very important in every transaction over an asset which may be through a loan or by lump sum cash. Legality of the property should be verified in the terms given below to ensure that the person holds proper right to make a transaction over that particular property.
One of the important stages of the home loan processing is the evaluation of the property in which every aspect of the property is explored.