• Felix Peltier

Make your Dreams Come True | Home Loan Tips

Do you want to have a home of your own? A home sweet home is a personal asset which many individuals dream of. Those who are planning to buy their own home in the years to come two things come in their mind: A stunning home and an unavoidable home loan. What matters the most is your qualification for the home loan?


What makes you eligible for the home loan?

What matters the most is your qualification for the home loan? The eligibility for the home loan is evaluated based on financial standing, work profile, repayment history and household expenses. A poor credit score and bad repayment history from the past will make the chances of getting the home loan negligible. If the credit score is not up to the mark work on its improvement and then indulge in the process of home loan.


Things to Consider before Applying: Consider the following points given by Felix Peltier, a renowned property developer before applying for the home loan for easy approval:-

  1. Check your credit score: Credit score lays the foundation of the home loan. Your Credit score depends on how good you are in making the payments of the existing loans or credit cards. According to Felix Peltier, it is better to go through the credit score of the last six months before finalizing the decision of the home loan.

  2. Budget: Budget is the most crucial aspect which is taken into account before applying for the home loan. Make a list of how much loan you need and EMIs of the loan that you can pay. Ensure that you deduct all the expenses to determine whether your income is sufficient for the loan or not.

  3. Documentation: Prepare the documents before visiting any bank or financial institution with your file. You can call the lending company personally and ask them about the documents. Carry sufficient photocopies of your document and jot down the requirements in advance.

  4. Identify the right bank and lenders: Too many credit enquiries can negatively impact the credit score. It doesn’t mean that you should not explore your options. Reduce your home approval time by associating with the lending companies with pre-approved properties. Identify the rate of interest of various lending firms and the processing fees. Select one or two lenders and then finalize the ones that match your requirements says, Felix Peltier.

Buying a house is a dream of many. You can make these dreams come true by following these tips. Go through the credit score before visiting the bank or the lending company for further process. Ensure that thorough research is conducted before finalizing a suitable lender.


Determine your budget and see how much money you need. Going over budget would dig a hole in your pocket if you are planning to have co-applicant make sure that his documents are ready and there credit score is good.


Have a place that belongs to you with the valuable tips of Felix Peltier.