If you wish to take out a house loan, enlisting a co-applicant is a good idea because shouldering the financial burden alone for 15-20 years might be difficult. You may be financially secure now, but because a house loan is a long-term commitment, you must be future-oriented and prepare properly. This is especially important now, when the COVID-19 epidemic has blown things out of proportion and has significantly harmed the employment market. According to estimates, almost 12.2 crore individuals have lost their employment in India in the previous five months alone. Financial institutions have also been more cautious and are re-examining outstanding home loan applications by requesting applicants’ most recent pay stubs in order to avert bad debts. Nevertheless, not … Read more