Additional Reading Material on Home Loans | Lender’s Appraisal Procedure | Module D: Wealth Management
Home Loans: Appraisal, Documentation, Monitoring & Fraud | Bank Theory Additional Reading Material on Home Loans Lender’s Appraisal Procedure The lender's appraisal procedure ensures that a borrower's request for a home loan is viable and secured. This includes evaluating repayment capacity, the property's legality, market value, and documentation compliance. Application Form The borrower submits a loan application with personal, income, and property details. Documents to be Submitted Identity proof and address proof Income proof (Salary slips, ITRs) Bank statements Title deed of property Property valuation and legal reports Loan Application Received Through Agent Applications sourced by agents require additional due diligence to prevent misrepresentation or fraud. Appraisal of Loan Request This involves evaluating: Income and repayment capacity (DSCR, EMI/NMI ratio) Loan-to-value (LTV...