Best Tips to increase your home loan eligibility

Tips to increase your home load eligibility 

1. Try to improve your credit score: A good credit score will make you eligible for a higher loan amount and also help you get a lower interest rate. 

You can improve your credit score by paying your bills on time, maintaining a good credit history and avoiding defaulting on any loans. 

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2. Increase your income: A higher income will help you get a higher loan amount.  

You can increase your income by working overtime or taking on a second job. 

3. Make a larger down payment: A larger down payment will reduce the loan amount you need to borrow  

ALSO HELP YOU GET A LOWER INTEREST RATE. 

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4. Choose a shorter loan term: A shorter loan term will help you pay off the loan faster

and also help you get a lower interest rate. and also help you get a lower interest rate. and also help you get a lower interest rate.

5. Shop around for the best deal: Compare interest rates and fees from different lenders to get the best deal on your home loan.

6. Get pre-approved for a loan: Getting pre-approved for a loan will give you an idea of how much you can borrow

6. Get pre-approved for a loan: Getting pre-approved for a loan will give you an idea of how much you can borrow 

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