Common Home Loan Mistakes to Avoid

1. Not Checking Credit Score Before Applying

Low credit score can lead to rejection or higher interest rates.

2. Ignoring Hidden Charges

Always check:

• Processing fees

• Legal charges

• Prepayment penalties

3. Choosing the Wrong Interest Type

Understand the difference between:

• Fixed interest rate

• Floating interest rate

4. Overlooking Property Legal Verification

Always verify:

• Builder approvals

• Land ownership

• RERA registration

5. Not Comparing Multiple Lenders

Different lenders offer different rates and benefits. Comparison is crucial.

QuickHomeLoan.in ensures transparency so you make informed decisions.