What should I know about home loans?
Home loans are financial products that help you purchase a home. They come in various types, like fixed-rate and adjustable-rate mortgages.
What is the difference between a fixed-rate and an adjustable-rate mortgage?
A fixed-rate mortgage has a constant interest rate throughout the loan term, while an adjustable-rate mortgage can change based on market conditions.
What factors affect my eligibility for a home loan?
Your credit score, income, debt-to-income ratio, and employment history are key factors that lenders consider when assessing your eligibility.
How much can I borrow for a home loan?
The amount you can borrow depends on your income, credit score, and the lender's policies, but typically it's a multiple of your annual income.
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