Real Estate Forum on Mortgage

Latest Answer: Please call me on 8248804369 fir any queries in mortgage loan

Latest Answer: Hi, You might be ready to take out a loan and buy your first home if you: 1) Understand your future plans and goals, and how a home fits into those. 2) Are ready to settle down in one location for at least 5 years. 3) Have enough cash to make a down payment. 4) Are able to cover your current costs and living expenses. 5) without struggle each month, and have other debts under control. 5) Have actually done the math to determine what’s cheaper: renting or buying.

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Latest Answer: Make sure that your friend is having original sale agreement, allotment letter, and share certificate of the society with him. These are the major docs that indicates that the owner is having a mortgage-free apartment.

Latest Answer: You should first check that the seller is having original sale agreement, allotment letter and share certificate of the society with him. If it is confirmed that these all docs are safe with the seller, then there are maximum chances that the apartment is not mortgaged.

Latest Answer: Yes, you can register this mortgaged property. For this you need to go for the same process required for registering a non-mortgaged property. You need to get NOC from the Financial Institution addressed to the land department.

Latest Answer: Mortgage is the agreement between the lender and the borrower in a property deal. A mortgagor is the borrower in the agreement who pledges his home for taking up a loan from the mortgagee or the lender. One of the fundamental legal rights of the mortgagor is the right to redeem. The natural owner of the property has the inherent right to re-transfer his property to anybody else. It is right of the mortgager to make the lease of the property whenever he desires for any purpose. It is his right to ascertain whether the property mortgaged is maintained properly or not. The mortgagor has the right to access into the property at any time.