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What does it mean to be a loan guarantor?
If the primary borrower dies/declares his inability to pay off the debt, banks have the right to approach the guarantor to repay the leftover amount
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Nine things to consider before taking a joint home loan
Joint home loan will not only help you to share the EMI, but also allow you to borrow a higher amount as the income of co-borrower is also factored-in
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Good salary no guarantee for home loan approval
Too many job jumps, even if they come with salary hikes, can raise a red flag for the lender
