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For a residential loan you can go to a number of different places, depending on your finances. If you have good credit you should go to your local bank that you do business with, they will be able to give you a loan or if they can't give you a loan, direct you to a bank that can.

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What terms are usually featured on a residential mortgage loan application?

There is a lot of information of a Residential Mortgage Loan application. Terms of the loan would be the amount of the loan, the interest rate and the length of the loan. There are different types of terms such as fixed, gpm, and arm.


Can you give me the Format of a project report for the construction of residential apartments for bank loan purposes?

we go to SBI for Apartments construction loan for 2 year term for rs.1.5crors, rate of interest 13.25%PA


Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?

The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.


What are the requirements for obtaining a housing loan tax exemption?

To obtain a housing loan tax exemption, you typically need to meet certain criteria such as using the loan for purchasing or constructing a residential property, ensuring the property is used for residential purposes, and meeting any income or loan amount limits set by the tax authorities. Additionally, you may need to provide documentation to prove your eligibility for the exemption.


What is meant by a 'jumbo' mortgage loan?

A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.

Related Questions

What terms are usually featured on a residential mortgage loan application?

There is a lot of information of a Residential Mortgage Loan application. Terms of the loan would be the amount of the loan, the interest rate and the length of the loan. There are different types of terms such as fixed, gpm, and arm.


Can you give me the Format of a project report for the construction of residential apartments for bank loan purposes?

we go to SBI for Apartments construction loan for 2 year term for rs.1.5crors, rate of interest 13.25%PA


Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?

The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.


Can I refinance a loan on a principal residential mortgage with the governments new program?

Yes, you can refinance a loan on a principal residential mortgagte with the governments new program. You can find more information at www.time.com/time/business/article/0,8599,1975824,00.html


What are the requirements for obtaining a housing loan tax exemption?

To obtain a housing loan tax exemption, you typically need to meet certain criteria such as using the loan for purchasing or constructing a residential property, ensuring the property is used for residential purposes, and meeting any income or loan amount limits set by the tax authorities. Additionally, you may need to provide documentation to prove your eligibility for the exemption.


What is the current loan officer salary?

Loan officers in the USA on average earn $40K per year. Depending on your work experience and the type of loan (residential or commercial) salaries can range from $15K to over $300K.


Interrogitory about residential parent?

What if a residential parent had to go to jail and the child is with a friend. Can the other joint go get her.


What if your not a teacher but an interpreter for a deaf student in a residential special needs school?

Then you do not qualify for teachers loan forgiveness.


What is loans that are assisting non-commercial purposes they are helping people buy houses?

residential mortgage loan


What is the purpose of non comforting loans?

There isn't a purpose for a non comforting loan, because a non comforting loan does not exist. A non conforming loan means a residential mortgage that isn't set by the guidelines of the Federal National Mortgage Association.


What is meant by a 'jumbo' mortgage loan?

A jumbo mortgage loan is a residential mortgage loan which has an original principal balance which exceeds the maximum amount permitted by the agencies typical guidelines. You would need to meet your bank manager for further information.


Where can I go to calculate my car loan?

I would suggest you go to bankrate.com. They have an excellent loan calculator that you can use for all different types of loan, not just a car loan.