Mistakes to avoid while applying for loan against residential property

Hero Fincorp14 Feb, 2022Business

Availing a loan against residential property is one of the most common forms ofgetting funds during an emergency when you are under financial stress. You can get loan against residential property owned by you or a rented residential property. In case of a jointly owned residential property, all the co-owners beside you have to be co-applicants of the loan. This is a secured loan and you can keep a fully constructed, residential property as collateral or mortgage. However, there are certain mistakes that you should avoid while applying for this category of loan. Read on to know more about them.