Tips to Real Estate Agent's Success

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Some important tips you should keep in mind before taking a home loan:

1. Research: One should perform a good research about the available home loan products in the market. Do not trust advertisements or agents blindly. Also, never feel shy about clarifying your doubts from the agent as it will impact your life in the near future.

2. Have a look on the EMI (Equated Monthly Installments): Analyze your incomes and expenditures properly to decide how much amount you can spare on a monthly basis for your home loan EMI. Talking to a qualified agent to ascertain the same also comes handy.

3. Never forget to negotiate: As we all know that the ROI (Rate of Interest) offered by the financial authorities is fixed but there is always some scope for negotiation. So, try negotiating the rate of interest so that you can save a few thousands on the total amount to be paid.

4. Loan Eligibility and CIBIL Score: Make the required documents handy which include your information about your credit card and your history in paying your debts. If you have a good record in paying your debts, then you can use it as a plus point when applying for a loan. Ideally, your CIBIL score should be 750 or more to get a lesser ROI on your home loan.

5. Read the documents very carefully: One must read all the documents pertaining to the loan document with a keen eye as there are chances that the agreement might miss some points on which you negotiated with the agent or the financial authority. The more you are aware about the terms and conditions, the better it is for you.