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Pay All Your Bills on Time When applying for a House Loan Dubai , it’s important you have a good credit history, which includes paying all your bills on time, every time. A late payment may negatively affect your credit score, and that can play a part in whether you’re approved for financing and ultimately, the rate and term you may receive. Even after your home loan closes, it’s still important to pay your bills on time, as this could affect your ability to apply for future loans. Be Wary of Employment Changes A stable employment history is important when preparing to buy a home. After all, you have to show that you have the stability and continuity of income to repay the loan. “Requirements may vary based on the type of employment you have, but for most salaried borrowers, there is no specific time on the job required,” Let’s say Bill, Executive Vice President of Capital Markets at XYZ company. “Lenders will review a two-year work history, which includes consideration f...

Here are some Followings you have to consider when choosing a car loan: 1. How much to put down Building a  savings account and making a significant down payment will save you in the long run because you will be paying interest on a smaller loan. Also, since Brand new cars devalue rapidly as soon as you drive them off the lot, if you make no down payment you will probably owe more than the car is worth for a while. That means if your car is totaled in an accident or stolen, the insurance payment you get might not be enough to pay off the entire loan balance. 2. Length of term Auto loan terms have been getting longer & longer. This means lower monthly clearance, but also more interest expense. In particular, beware of long loans for used cars, which are likely to have a shorter useful life. You don’t want the loan to outlive the car. 3. Interest rates Car loan interest rates vary, so be sure to Compare Car Loan lenders before settling on a loan deal. Also,...