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4 Things to remember when closing a Home Loan

The process of closing a home loan isn't always as quick and seamless as you'd like. Here are four things to remember when closing a home loan.<br><br>Get your original documents together<br>No Dues Certificates (NDCs)<br>The property should be free of LIEN<br>Ensure that your credit score is Updated<br><br> For more information Visit our Official Website: https://www.pnbhousing.com/blog/things-you-should-keep-in-mind-while-closing-your-home-loan/<br><br>

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4 Things to remember when closing a Home Loan

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  1. 4 THINGS TO REMEMBER WHEN CLOSING A HOME LOAN Get your Original Documents Together No Dues Certificates (NDCs) Compile a list of all the original documents you have submitted to your lender like:. NDCs play an essential role in the closing of home loans, and should always be collected from your lender. Sale Deed Title Deed Loan Agreement Power of Attorney Collect submitted security cheques etc.., The property address Name of customer Account number of loan Amount of loan Loans start and end on The property should be free of LIEN Ensure that your credit score is Updated When you apply for a loan, your credit score matters a lot. CIBIL updates this information once you have paid your current home loan. The closing process of your home loan does not end once you repay all your EMIs. You cannot sell your property until you clear your debt, under a LIEN. In order to close a home loan, the LIEN must be removed. A NOC issued by the bank can be used to have the LIEN removed if the lender delays the process. REFFERAL URL https://en.wikipedia.org/wiki/Loan https://www.pnbhousing.com/blog /things-you-should-keep-in-mind- while-closing-your-home-loan/

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