Finding a dream house is time consuming. Even if you zero in on one, there are several hurdles that you need to overcome to become a legal owner. Take the case of Gaurav Raheja, a mechanical engineer, who searched tirelessly for a good deal on a mansion nestled in a beautiful landscape.
The 27-year-old’s ordeal ended after a wait of six months, only to be cast aside by the bank for failure to fulfil eligibility norms for a home loan. His application was dismissed on the grounds of a low credit score and insufficient margin money available with him.
Raheja realised that doing homework always comes handy — be it shopping at a retail store or securing a home loan. Here’s a ready reckoner on how you can prepare yourself to stand a better chance of availing of a home loan in today’s difficult scenario.
