Author Topic: Home loans for the same city  (Read 197 times)

Offline SpinningEvents

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Home loans for the same city
« on: November 17, 2013, 06:52:49 PM »
How many home loans can I have? Can I take a loan only if I am buying a home in the same city I reside in?
« Last Edit: November 17, 2013, 06:52:49 PM by Guest »
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Offline SpinningGenius

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Re: Home loans for the same city
« Reply #1 on: November 17, 2013, 06:59:34 PM »
As far as I know, there is no law that says you need to be servicing just one home loan at a time so basically, you can take as many home loans as you require. And yes, you are allowed to take a loan to buy a home in another city other than the one you are currently staying in. However, the tax will always apply for this because they are not dependent on the city of your residence.
« Last Edit: November 17, 2013, 06:59:34 PM by Guest »
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