One’s own house evokes mixed memories like the toil and sacrifices before you actually possessed it. It is but natural that you must know all the formalities involved in assigning the house to the lender, repayment schedule. You should also know whether repayment is to the same lender from whom you have borrowed or transfer of loans and subsequent payments, as is vogue in some countries. Total transparency is the name of the game that is providing details of the lender’s services. Lending organizations are so sensitive to avoid late fee whilst transferring service point on home mortgages.
January 13, 2006
Home- one’s own Fortress
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