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-R S Sridhar
Yes, you can apply for a home loan. However, you have to pay your brother the margin money from your savings. The bank will get the property's valuation and title search to finalise the loan amount. Your bank will pay your brother's bank first to pay off the loan. His bank will release the mortgage papers to your bank. The remaining disbursal of your home loan will be done to your brother's savings account.
This story is from the December 28, 2024 edition of Financial Express Bengaluru.
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This story is from the December 28, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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