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Date : Jul 23, 2009

Question

I have been told by a bank executive that a Home Loan can be applied for even AFTER 6 months of purchasing the property and making the full payment for it. Is that true ? Does the IT dept. recognise it as a Home loan ? I'm in the process of purchasing a property now. Can I finish off the transaction and then apply for a Home loan , in effect the ank will be refinancing me, won't it? Please shed some light on this matter. Thanks

Answer

You can opt for refinance.

 

 

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