Know your debt to income ratio before taking a home loan
Before we begin, consider Ajay, who has obtained a loan of approximately 15 lakhs for his business. He earns ₹30,000 from his business and has a very good credit score that ranges between 700 and 900. Ajay, on the other hand, has a dream of owning his dream home and has applied for a home loan of 35 lakhs. Ajay is confident that his loan application will be approved, but he fails to get it, shocked to know why?… Read more