What is the process of closing home loan?

The closing home loan is that final step that means you are very close to having a home to call your own and your biggest liability is off your head. Following are some important process involved in closing home loan.

Get in touch with your lending company and get details of penalty or outstanding amount.

After the payment of all dues (Principal, interest and Penalty if any), No Due Certificate is issued by bank or lending company.

Write a letter to the bank stating the facts and asking for the return of the original documents

When you close the loan, you get back all the documents that you submit at the time of loan application.

Process of Closing Home Loan